Ambuja Cements Launches 200 MW Solar Power in Khavda
By
siliconindia | Friday, 13 December 2024, 06:31 Hrs
Ambuja Cements, a leading cement and building material company under the diversified AdPortfolio, has successfully commissioned and begun power transmission from its 200 MW solar power project in Khavda, as announced in a recent filing to the exchange.
The company indicated that an additional 806 MW capacity from this project is at various stages of commissioning, with expectations to start transmitting in phases between March 2025 and June 2025. This development is set to positively impact the company’s EBITDA, leading to an impressive 70% savings compared to current power costs.
Ajay Kapur, CEO of Cement Business at Adani Group, stated, "Growing responsibly and sustainably is fundamental to our ESG excellence journey as we are proudly committed to achieving Net Zero emissions by 2050. This is the first phase of our 1 GW Renewable Power Project in our efforts to decarbonize the value chain. We aim to power 60% of our total energy consumption from green power sources by FY'28. This helps us in reducing our overall cost and delivering strong value to our stakeholders. Our sustainability principles are integrated into all aspects of our business and reflect our forward-thinking vision".
The company has received standing clearance for the 200 MW Solar Power Project from the Western Regional Load Dispatch Centre (WRLDC), effective December 12, 2024. This first phase of its ambitious Green Energy Project paves the way for further value unlocking from the company’s
10,000 crore investment towards green power, which includes 1 GW of Renewable Energy comprising Solar and Wind, along with 376 MW of Waste Heat Recovery Systems (WHRS).
10,000 crore investment towards green power, which includes 1 GW of Renewable Energy comprising Solar and Wind, along with 376 MW of Waste Heat Recovery Systems (WHRS).
Ambuja Cements also noted that of the remaining 806 MW capacity, 156 MW of Wind Power from Khavda and an additional 300 MW of Solar Power from Rajasthan are expected to be commissioned by March 2025 in phases, with the remaining 350 MW Solar Power anticipated to be operational by June 2025.
The company continues to strive towards the decarbonization of the cement industry with future-ready initiatives aimed at building a greener, more inclusive future.
