UltraTech Cement forms joint venture to expand solar power generation

Print this page

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

URL: https://globalcement.com/news/item/8549-ultratech-cement-forms-joint-venture-to-expand-solar-power-generation

© 2019 Pro Global Media Ltd. All rights reserved.