Published On:December 18 2014
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Vedanta plans power business in South Africa.
Global mining giant Vedanta is eyeing the power generation business in South Africa as a sequel to its planned $780 million investment in the country to develop the Gamsberg mine, one of the world's biggest zinc deposits.
'Vedanta is interested in the whole spectrum of resources that the country has to offer like energy, captive energy,' said R Kishore Kumar, CEO of Zinc International (Africa & Ireland), which is part of Vedanta.
He said the second phase of the Gamsberg zinc mine development would be the energysecuritisation programme, which could either be captive power generation or for use in the country. 'We're looking for energy from all sources: coal-fired power, gas-based power, solar and renewable energy. We're looking at policy support from the country so that we can participate in the energy securitisation programme,' Kumar told ET.
ET