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News Shree Digvijay Cement invests in green energy project

Shree Digvijay Cement invests in green energy project

Written by Global Cement staff 13 April 2022
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India: Shree Digvijay Cement has executed a share purchase agreement to acquire a 27% stake in a hybrid wind and solar power project from Trinethra Renewable Energy, a power producer, and Continuum Green Energy. It will spend US$1m on the deal, implying a value of US$0.13m/MW. The total installed capacity of the project is 8.1MW.

The hybrid power contract will generate about 37% of total power needed by the plant. When combined with the plant’s waste heat recovery (WHR) system, it will constitute over 65% of the total power needs of the company, representing considerable savings in the cost of power and an improved environment footprint.

Published in Global Cement News
Tagged under
  • India
  • Shree Digvijay Cement
  • Acquisition
  • Shares
  • Wind
  • Solar power
  • Trinethra Renewable Energy
  • Waste Heat Recovery
  • Plant
  • GCW522
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