Ambuja Cements, part of the diversified Adani Group, has successfully commissioned and begun transmitting power from its 200 MW solar power project in Khavda, according to a filing with the stock exchange.
The company also highlighted that the remaining 806 MW capacity of the project is in various stages of commissioning and is expected to be brought online in phases between March 2025 and June 2025.
This development is expected to significantly improve the company’s EBITDA, resulting in a 70% reduction in power costs compared to current expenses.
Ajay Kapur, CEO of Cement Business at Adani Group, commented, “Our commitment to responsible and sustainable growth is at the core of our ESG strategy as we aim for Net Zero emissions by 2050. This marks the first phase of our 1 GW Renewable Power Project as part of our broader efforts to decarbonize our value chain. We are targeting 60% of our total energy needs to come from green power sources by FY28. This transition not only reduces our overall costs but also creates substantial value for our stakeholders. Sustainability is embedded in all aspects of our operations and reflects our long-term vision.”
The company has also received formal 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 Green Energy Project sets the stage for unlocking further value from Ambuja Cements’ Rs. 10,000 crore investment in green power, which includes 1 GW of renewable energy capacity (solar and wind) and 376 MW of Waste Heat Recovery Systems (WHRS).
As for the remaining 806 MW of the project, 156 MW of wind power from Khavda and 300 MW of solar power from Rajasthan are expected to be commissioned in phases by March 2025, while the final 350 MW of solar power will be brought online by June 2025.
Ambuja Cements reaffirmed its commitment to the decarbonization of the cement industry, with ongoing initiatives aimed at creating a greener and more inclusive future.
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