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News UltraTech Cement forms joint venture to expand solar power generation

UltraTech Cement forms joint venture to expand solar power generation

Written by Global Cement staff 03 January 2019
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India: UltraTech Cement has created a joint venture with Amplus Energy to expand its solar power generation capacity. The cement producer has acquired a 26% stake in the Amplus Sunshine, according to VCCircle Network. Amplus Sunshine will set up a 15MW captive solar plant at one of UltraTech’s Cement’s plants for an investment of around US$10m. The cement producer has a capacity of 50MW from its solar power plants but it intends to increase this. Amplus Energy installs rooftop solar power plants for the industrial and commercial sector.

Last modified on 09 January 2019
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Joint Venture
  • Solar power
  • Amplus Energy
  • Amplus Sunshine
  • Plant
  • Upgrade
  • GCW386
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