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News Oriana Power to build solar plant for Dalmia Cement

Oriana Power to build solar plant for Dalmia Cement

Written by Global Cement staff 10 September 2024
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India: Oriana Power subsidiary TrueRE Surya has won a contract to build a 128MW solar power plant in Tamil Nadu for Dalmia Cement (Bharat), supporting its target to use 100% renewable electricity by 2030 and become carbon negative by 2040.

The project cost approximately US$62m and will be commissioned within the next 12 months, according to Energetica India Magazine. As part of the contract, Dalmia Cement (Bharat) will acquire 26% of TrueRE Surya for US$5.3m, with the transaction finalising within four to six months.

Oriana Power Chief business officer Anirudh Saraswat said “We are also humbled by the trust posed in Oriana Power’s ability to execute mega solar projects by the largest companies and are equally excited to take another big step forward in helping India meet its renewable energy goals through this partnership.”

Last modified on 11 September 2024
Published in Global Cement News
Tagged under
  • India
  • Oriana Power
  • Solar power
  • Dalmia Bharat
  • Dalmia Cement
  • Contract
  • renewable energy
  • decarbonisation
  • Sustainability
  • GCW676
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