Vedanta says it supports the Zambian government in its green energy transition goals.
The company said in a statement that it is encouraged by the steps already taken by the government, including appointment of the Green Economy and Environment Minister and is aligned to further initiatives that have been presented.
Demand for power in the country has been increasing over the last few years but generation capacity remains stagnant.
This is causing instability in the more rural populations, including the local communities around the Konkola Copper Mines (KCM).
Vedanta is committed to aid the government in its vision, including supporting new industry initiatives as well as providing energy security for KCM and its surrounding population.
While Vedanta was operator of KCM, one of its primary undertakings was to replace the old smelter with one that is significantly cleaner and more efficient. The current smelter is the cleanest in the country, it added.
Vedanta will work with the government to use green energy for KCM, ensuring it is running and we are mining sustainably, benefiting both the environment and bringing stability to the local communities.
In its wider operations, Vedanta is planning to be a leader in ESG within the global natural resources sector, having already committed USD 5 billion over the next 10 years to accelerate the transition to net zero, it said.
”We are pleased to see the positive progress that has been made thus far by the Zambian government in its aim to improve the country’s power capacity through the use of green energy. ”Vedanta look forward to working closely with the newly appointed Green Economy and Environment Minister to further progress this initiative and transition Zambia into more sustainable sources of energy, encompassing its already present capabilities for hydro power,” said Sunil Duggal, Group CEO and Chief Safety Officer, Vedanta.
Vedanta should never be allowed back in this country
Only a foool would trust a man in a photo sitting on a chair pretending to type on laptop placed on a clean table. What is Vedanta’s position on supporting the Indian govt that refused to commit to green energy agenda at the just ended climate conference?
What’s this? I thought Vedanta was a nonentity in Zambia! Sounds like schmoozing of the highest order! Give these guys a wide berth!
#plant a tree now please!
Never trust these indians…………
This is one topic I support lungu for kicking them out………
All these indians cared about was milking KCM dry and mocking zambia at how cheap they bought KCM to reap hudge profits
Slowly creeping in through the back door….green energy?
Vendata was late Mwanawasa’s Govt gravest mistake. Kaunda Lembalemba his minister of mines and Ngandu Magande his finance minister must shed some light so that such a mistake never reoccurs. It makes late Francis Kaunda’s handling of the earlier and complex privatisation programme look excellent. Francis had no lessons to learn from but Mwanawasa, Magande and Lembalemba had indian owned RAMCOZ to learn from.
Never should this be allowed. These Indians are so selfish and just want to milk Zambians off. We need our mine back.
If Vendata comes back, it will be a stab in the back to most Zambians
This vandeta thing, not sure why I feel it is worthless undertaking. OOOOhhhh..! could be its history, yeah!
Please let not that smile fool you!
What Bally must understand that there’s no Zambian that wants Vedanta back, except maybe those that received campaign funds from Agarwal. The takeover of KCM is one of the few decisions that Zambians unanimously agreed with ECL. If Bally brings back Vedanta he’ll see what Zambians are capable of. Nipano tuli
Just Stay put in Uttar Pradesh with your green energy, you are not welcome in our Kopala. Show some gumption, you have an entire sub-continent to search for copper but please let us be.
How does Zambia legally disengage with Vedanta Resources without being sued for a lot of money in the Court of Business Arbitration? There is currently the Milingo Lungu issue which has been mishandled and is yet to be resolved.
Indians and Chinese don’t do social responsibility in countries they operate from……….
Atleast the Chinese will build you a hall here and there but still manage to charge for it ……..
As for indians, forget , they are there to milk you dry, period………
Western nations are the best to partner in when it comes to social responsibility…….
Bally will lose support from Zambians if he continues his
Friendship with Vedanta.Let this
Be a Closed chapter.let the case
Be settled in court just as milingo
Has been taken to.
#6Bashi Chite was Kaunda Lembalemba Mwanawasa’s mines minister? Maybe my memory has failed me… wasn’t it Maxwell Mwale. KL was FTJ’s mines minister?
@Deja vu, Yes he was mines minister under Levy, later fired and replaced by the late Dr Kalombo Mwansa..Maxwell Mwale came later
Vedanta should not think all Zambians are gullible. A trick can only work once.
Vedanta can go and hang!
Flashback:Video of Anil Agarwal mocking Zambia over the privatization of KCM
He describes his surprise at receiving a VIP welcome in the Zambian parliament, and ridicules the then Zambian President Levy Mwanawasa for claiming that Vedanta would improve the lives of Zambians, saying:
“He told the entire parliament that what great people we are, and our empire, and that they will make our lives gorgeous. And they will make schools, make hospitals and blah blah …”
Quotation from Lusaka times May 30, 2019
Quotation Lusaka timesMay 30, 2019
He describes his surprise at receiving a VIP welcome in the Zambian parliament, and ridicules the then Zambian President Levy Mwanawasa for claiming that Vedanta would improve the lives of Zambians, saying:
“He told the entire parliament that what great people we are, and our empire, and that they will make our lives gorgeous. And they will make schools, make hospitals and blah blah …”
Ka gwere uko! he must believe in their caste system…not mu Zambia my friend.