Ambuja Cements Commences Power Transmission from 200 MW Solar Project in Khavda
Ahmedabad (Gujarat), December 13: Ambuja Cements, a leading cement and building material company under the Adani Group’s diversified portfolio, has successfully commissioned and initiated power transmission from its 200 MW solar power project in Khavda. This milestone was confirmed in a filing to the exchange by the company.
The company announced that the remaining 806 MW capacity from the project is in various stages of commissioning and is expected to be operational in phases between March 2025 and June 2025. This development is set to have a positive impact on the company’s EBITDA, yielding a significant 70% cost-saving compared to current power expenses.
Ajay Kapur, CEO of Cement Business, Adani Group, highlighted the company’s commitment to sustainability, stating, “Growing responsibly and sustainably is fundamental to our ESG excellence journey as we are proudly committed to achieving Net Zero emissions by 2050. This is the first phase of our 1 GW Renewable Power Project in our efforts to decarbonize the value chain. We aim to power 60% of our total energy consumption from green power sources by FY’28. This helps us in reducing our overall cost and delivering strong value to our stakeholders. Our sustainability principles are integrated into all aspects of our business and reflect our forward-thinking vision.”
The Western Regional Load Dispatch Centre (WRLDC) has granted standing clearance for the 200 MW solar power project, effective December 12, 2024.
This project marks the initial phase of the company’s ambitious green energy initiative, which represents a Rs. 10,000 crore investment in renewable energy. The overall plan includes 1 GW of solar and wind power, alongside 376 MW of Waste Heat Recovery Systems (WHRS).
Regarding the additional 806 MW capacity, the company revealed that 156 MW of wind power from Khavda and 300 MW of solar power from Rajasthan are on track to be commissioned by March 2025. The remaining 350 MW of solar power is slated for completion by June 2025.
Ambuja Cements reaffirmed its dedication to the decarbonisation of the cement industry, emphasizing future-ready initiatives aimed at fostering a greener and more inclusive future.
