15-Feb-2022 | Market Research Store
The 13.5-Megawatt venture in Osmanabad, Maharashtra, will provide solar energy to Orient Cement's production plant in the state, according to the declaration. Orient Cement has agreed to sign an agreement (Power Purchase Agreement) of 25 years with Amp Energy India for the purchasing of solar energy.
Amp Energy India announced the completion of its second free source solar plant in Maharashtra. According to a company statement, Amp Energy India has recently authorized a 13.5 MW solar power venture for cement manufacturer Orient Cement.
"This collaboration would provide the necessary momentum for many other cement firms to shift to 100 percent sustainable energy power in order to reduce their power costs and meet their own sustainability goals," stated “Pinaki Bhattacharyya, MD and CEO of Amp Energy India.
Orient Cement will fulfill 50 percent of its yearly energy requirements and substantially minimize its energy expenditure as a result of this collaboration. The venture will also assist Orient Cement in reducing approximately 15,595 Metric tons of CO2 per year. "The transition to renewable energy such as solar energy sources for our manufacturing facilities were intended to guarantee that we gradually reduced our carbon emissions in a row with our sustainability objectives."
"As we grow and modernize in the coming years, renewable energy, of which solar power, continues to remain a crucial component, we will continue to increase capacity." "We are delighted to be working with Amp on this project and look forward to continuing our relationship," Orient Cement's Soumitro Bhattacharyya stated.
Amp Energy India already has developed considerable open access initiatives, including the –large-scale solar open-access venture in Maharashtra which is about (30 megawatt), the first captive solar freely accessible venture in Uttar Pradesh (42 megawatts), and its third freely accessible venture in Karnataka (30 megawatts).