Vedanta Resources PLC Partial power plant closure at Jharsuguda (7806Q)
14 September 2017 - 9:24PM
UK Regulatory
TIDMVED
RNS Number : 7806Q
Vedanta Resources PLC
14 September 2017
Vedanta Resources plc
16 Berkeley Street
London W1J 8DZ
Tel: +44 (0) 20 7499 5900
Fax: +44 (0) 20 7491 8440
www.vedantaresources.com
14 September 2017
Vedanta Resources plc
Partial power plant closure at Jharsuguda
Vedanta Resources plc's subsidiary Vedanta Limited today made
the below announcement.
Vedanta Limited
Partial power plant closure at Jharsuguda
Following a breach in the Ash Pond dyke wall at Jharsuguda at
the end of August, the State Pollution Control Board, Odisha
('SPCB') on September 13, 2017 served a direction resulting in a
temporary closure of three units of 135 MW each of the 1215 MW
power plant, and two units of 600 MW each of the 2400 MW power
plant. The remaining units of the 1215 MW plant have been allowed
to operate until 12 October 2017, and the remaining units of the
2400MW plant have been allowed to operate until 20 September
2017.
The SPCB has asked the Company for compliance of certain
conditions with a concrete plan within 5 days. The Company is
complying with the order of SPCB along with a request for revoking
the said closure orders.
This action may require a temporary power purchase of upto 200
MW, and hence a marginal impact on cost of production of aluminium.
The Company expects to be able to sustain the smelter capacity
without affecting its production volume.
The Company is working towards the lifting of the SPCB closure
orders at the earliest, to ensure that aluminium production is not
affected.
For further information, please contact:
Communications Finsbury
Zarin Amrolia Daniela Fleischmann
Manager, Group Communications Tel: +44 20 7251 3801
Tel: +91 22 6646 1000
gc@vedanta.co.in
Investors
Ashwin Bajaj Tel: +44 20 7659 4732
Director - Investor Relations Tel: +91 22 6646 1531
ir@vedanta.co.in
Sunila Martis
Associate General Manager
- Investor Relations
Veena Sankaran
Manager - Investor Relations
About Vedanta Resources
Vedanta Resources plc ("Vedanta") is a London listed diversified
global natural resources company. The group produces aluminium,
copper, zinc, lead, silver, iron ore, oil & gas and commercial
energy. Vedanta has operations in India, Zambia, Namibia, South
Africa, Ireland and Australia. With an empowered talent pool
globally, Vedanta places strong emphasis on partnering with all its
stakeholders based on the core values of trust, sustainability,
growth, entrepreneurship, integrity, respect and care. To access
the Vedanta Sustainable Development Report 2017, please visit
http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf.
For more information on Vedanta Resources, please visit
www.vedantaresources.com
Disclaimer
This press release contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and/or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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