India: JK Cement has secured 70MW of solar powered electricity for its Nimbahera plant in Rajasthan through a partnership with Oriana Power, including an equity investment of US$446,000 into a project led by the supplier. JK Cement will purchase a 26% stake in a special purpose vehicle to deliver the project under a captive user model. The electricity will be supplied under a power purchase agreement.
JK Cement secures solar power supply for Rajasthan plant
