Shree Cement to launch 106 MW solar projects to meet power demand
POWER & RENEWABLE ENERGY

Shree Cement to launch 106 MW solar projects to meet power demand

Shree Cement, a cement manufacturer based in Kolkata, plans to build 106 MW of solar power projects to meet the captive power needs of its various cement manufacturing facilities.

By the third quarter of 2022, the proposed capacity is likely to be added. Internal accruals will be used to invest around Rs 5 billion in these solar projects. By reducing its carbon footprint and reliance on fossil fuels, the company hopes to maximise the use of clean energy in its operations.

Previously, the company had secured net metering connectivity for a 1.99 MW captive rooftop solar power project in Jharkhand with a 132 kV voltage supply. To cut power costs and go green, large power consumers are leaning toward power procurement from open access solar projects.

Since most industrial facilities lack sufficient roof space to generate solar power, they have opted for the group captive and captive model.

Last year, Orient Cement, a subsidiary of the CK Birla Group, announced a Rs 40.5 million investment in AMPSolar Systems Private Limited to build a 13.5 MW solar project for captive power generation.

Mahindra & Mahindra signed a power purchase agreement with ReNew Sunlight Energy, a subsidiary of ReNew Green Energy Solutions, in July to purchase solar power as a captive consumer from its open-access project.

Renewable purchase obligations (RPO) for industrial consumers are also increasing, and obtaining power from open access solar projects has become a necessity. Most states, on the other hand, have revised annual open access charges via one-year tariff orders, making these charges unpredictable beyond a year.

According to Mercom's India Open Access Solar Market India Update Q1 2021, open-access solar installations in India totalled 419 MW in the first quarter of 2021, bringing the total solar installations in the open-access market to 4.3 GW in March.

Image Source


Also read: SAUBHAGYA scheme: Assam discom invites bids for 71,199 solar systems

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Shree Cement, a cement manufacturer based in Kolkata, plans to build 106 MW of solar power projects to meet the captive power needs of its various cement manufacturing facilities. By the third quarter of 2022, the proposed capacity is likely to be added. Internal accruals will be used to invest around Rs 5 billion in these solar projects. By reducing its carbon footprint and reliance on fossil fuels, the company hopes to maximise the use of clean energy in its operations. Previously, the company had secured net metering connectivity for a 1.99 MW captive rooftop solar power project in Jharkhand with a 132 kV voltage supply. To cut power costs and go green, large power consumers are leaning toward power procurement from open access solar projects. Since most industrial facilities lack sufficient roof space to generate solar power, they have opted for the group captive and captive model. Last year, Orient Cement, a subsidiary of the CK Birla Group, announced a Rs 40.5 million investment in AMPSolar Systems Private Limited to build a 13.5 MW solar project for captive power generation. Mahindra & Mahindra signed a power purchase agreement with ReNew Sunlight Energy, a subsidiary of ReNew Green Energy Solutions, in July to purchase solar power as a captive consumer from its open-access project. Renewable purchase obligations (RPO) for industrial consumers are also increasing, and obtaining power from open access solar projects has become a necessity. Most states, on the other hand, have revised annual open access charges via one-year tariff orders, making these charges unpredictable beyond a year. According to Mercom's India Open Access Solar Market India Update Q1 2021, open-access solar installations in India totalled 419 MW in the first quarter of 2021, bringing the total solar installations in the open-access market to 4.3 GW in March. Image Source Also read: SAUBHAGYA scheme: Assam discom invites bids for 71,199 solar systems

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?