Displaying items by tag: Amplus Energy

India: JK Lakshmi Cement has concluded a deal to acquire a 21% stake in solar power plant engineering company Amplus Helios. Amplus Helios was founded as a special purpose vehicle for the construction of a 50MW captive solar power plant at JK Lakshmi Cement’s 1.7Mt/yr Durg cement plant in Chhattisgarh. The Free Press Journal has reported that the solar power plant will cost US$26m.

India: Amplus Solar has secured a contract with JK Lakshmi Cement for construction of a 56MW solar power plant at the producer’s 1.7Mt/yr Durg cement plant in Chhattisgarh. The producer expects to eliminate 73,000t/yr of CO₂ emissions as a result.

JK Lakshmi Cement’s president Arun Shukla said "We support the country's vision to achieve net zero emissions by 2070. We have taken multiple steps to reduce both direct and indirect carbon emissions. Last month, for the first time in India, we deployed liquefied natural gas (LNG) trucks to transport raw material. Now, with the switch to solar energy at our Durg plant, nearly 80% of the plant’s energy requirements will be met renewably.”

Amplus Energy previously partnered with UltraTech Cement for a 50MW solar installation at one of its cement plants in 2019.

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.