Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, has commissioned and started power transmission from its 200 MW solar power project in Khavda, Gujarat. The Khavda solar project will supply green power to 20 cement plants.
Ambuja Cements plans to build 1 GW renewable power capacity (including solar and wind) along with 376 MW from waste heat recovery systems (WHRS) with an investment of INR 10,000 crore, enabling 60% of its power requirement to be met with green power by FY 2028.
The 200 MW Khavda solar power plant is part of the ambitious 1 GW renewable power (solar+wind) project. Of the balance 806 MW capacity of the 1 GW RE project, 156 MW of wind power project in Khavda and a further 300 MW solar power project in Rajasthan are expected to be commissioned by March 2025. The balance 350 MW solar project is expected to be commissioned by June 2025.
This development leads to an impressive 70% savings in power cost, significantly enhancing the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA).
Ajay Kapur, CEO – Cement Business, Adani Group said, “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 2028. This helps us in reducing our overall cost and delivering strong value to our stakeholders.”
Ambuja Cements has received standing clearance for its 200 MW solar power project from the Western Regional Load Dispatch Centre (WRLDC), effective Dec. 12, 2024.
Ambuja Cements, with its subsidiaries, has taken the Adani Group’s cement capacity to 89 mtpa with 22 integrated cement manufacturing plants and 21 cement grinding units across the country. It has been recognised among ‘India’s Most Trusted Cement Brand’ by TRA Research in its Brand Trust Report, 2024 and among ‘Iconic Brands of India 2024’ by The Economic Times for the third consecutive year.
