Displaying items by tag: Solar power

India: Orient Cement’s board of directors has approved a change to the company’s agreement for the acquisition of a 26% stake in renewables company AMPSolar Systems. Indiainfoline News Service has reported that the producer will now pay US$556,000 for the stake, up by 2.7% from the US$541,000 it previously negotiated in December 2020.

AMPSolar Systems recently commissioned its new 13.5MW solar power plant.

India: Dalmia Cement (Bharat) has commenced cement production at its upgraded 2.9Mt/yr Murli cement plant in Maharashtra. The company invested US$125m to install a new fueling system, waste heat recovery (WHR) plant and solar power plant at the facility. It acquired the plant from Murli Industries for US$55.2m in 2020.

The new commissioning brings Dalmia Cement (Bharat)’s total installed capacity to 35.9Mt/yr.

Pakistan: Power Cement has signed an agreement with Burj Solar Energy for the procurement of electricity on a fixed tariff for the next 20 years. The supplier plans to build a 7MW solar power plant to support the deal. The unit is expected to be operational by mid to late 2022. Power Cement said it took the decision to cut growing electricity costs.

Saudi Arabia: Qassim Cement has entered into a preliminary agreement with China-based Chengdu Design & Research Institute of Building Materials Industry (CDI) for the engineering, supply and construction of a cement mill at its integrated Buraydah plant. The new mill will have a production capacity of 300t/hr. The project is budgeted at around US$40m and it has an implementation period of 15 months. More binding detailed contracts are expected to be signed by mid-January 2022.

The cement company also plans to appoint a consultant to define the scope of work and identify contractors to build a 30MW solar unit near the Buraydah plant. It said that the company would not incur any capital or operational expenditure as the payment would be based on actual consumption. The solar unit project is part of the country’s Saudi Vision 2030 strategic framework to reduce dependence on oil.

Honduras: Cementos Argos plans to expand the production capacity of its 1Mt/yr Piedras Azules cement plant by 35%. The plan is part of a group of planned projects, including solar power and alternative fuels, with a total investment value of US$23m. The company expects to complete all of the work before 2024. It says that the expanded operations will generate 500 new direct job opportunities.

The company will increase its energy supply from the Comayagua solar power plant to 25% of the plant’s requirements from 20% at present. It will also establish a new 1.2MW solar power plant at Río Blanquito. The cement producer will also strengthen its industrial waste co-processing operations with the aim of achieving 12% refuse-derived fuel (RDF) substitution rate by 2030, the equivalent of 5500t/yr. If reached, this will reduce the company’s carbon footprint in the country by 14%.

Chief executive officer (CEO) Luis Eduardo Tovar said "This investment is a vote of confidence of Argos in Honduras and represents our commitment to the country's economic reactivation and our firm determination to contribute to the consolidation of prosperous and sustainable communities based on competitive and visionary initiatives.” He continued “We will continue our efforts to promote the development of Honduran families through the creation of social value at a national level."

India: Dalmia Cement plans to invest US$75.2m in a 2.6Mt/yr expansion to its Bokaro grinding plant in Jharkhand. The company says that the work will increase the plant’s capacity by 70% to 6.3Mt/yr from 3.7Mt/yr. US$33.2m will go towards the installation of new solar power plant. The company will also set up a waste management facility at the site, using US$1.06m of the investment.

Managing director Puneet Dalmia said “As we are further investing in the Eastern India market to participate in its economic growth story, we are also taking our corporate responsibility seriously by placing the utmost importance on environmental protection and social impact. We are confident that the employment generated through our investments and the skill enhancement in our social initiatives will help create a progressive ecosystem where we help people become independent and self-sufficient. We are excited and look forward to partnering with the state to achieve our business, social and sustainability goals.”

India: Udaipur Cement Works has increased its solar power generation capacity by 43% through the installation of a new 4.35MW solar power plant at its Udaipur cement plant in Rajasthan. The 1.4Mt/yr cement plant now has a total solar power capacity of 14.5MW. Udaipur Cement Works says that solar power generated at the plant will reduce it operations’ CO₂ footprint by 14,000t/yr.

Philippines: Singapore-based Blueleaf Energy says that it has secured a 20-year solar power supply with Holcim Philippines. The companies have signed a power purchase agreement whereby Blueleaf Energy will finance, build and operate a total of 29MW of solar power infrastructure in Norzagaray, Bulacan, and Bacnotan, La Union. These will supply 15% of the energy requirements of Holcim Philippines’ Bulacan and La Union cement plants respectively. Construction is scheduled for completion in 2024.

Holcim Philippines president and CEO Horia Adrian said “Reducing the carbon footprint of our operations is one of our key sustainability commitments. This year, we have made great progress in this area by stepping up production of blended cements and replacing coal with alternative fuels. Shifting to renewable solar energy will help us further improve as an environment steward and a partner in building progress in the country sustainably.”

Uganda: Security provider G4S has installed solar powered laser security systems for Hima Cement at one of its plants and several mines. The system was commissioned in March 2021 and it uses chargeable solar cells in perimeter security towers. G4S says that the system will improve sustainability and reduce costs compared to conventional alternatives. Where sensors detect a breach, security guards will investigate using electric bikes. The supplier says that the bikes facilitate more covert operations compared to motor vehicles, in addition to having sustainability benefits.

Head of technology Samuel Tebandeke said “We wanted to challenge ourselves to think of a better solution for our customer. We knew that we wanted to introduce electronic perimeter security to enhance the protection for the three mines and the cement plant we protect. Other providers were proposing laying many kilometres of cabling underground to provide power for their electronic perimeter monitoring, but our team decided to investigate a greener solution.”

Brazil: Votorantim Energia and Canada-based CPP Investments have announced the consolidation of their Brazilian energy assets in a new jointly owned renewable energy platform called VTRM. The new company's assets will reach 3.3GW in capacity by October 2022, consisting of 2.3GW in hydroelectric power and 1.0GW in wind power. Its planned projects, including hydroelectric, solar and hybrid power plants, will increase its capacity by 58% to 5.2GW.Its existing assets sold 2.6GW of electricity in 2020. The partners said that the new company will also be well-positioned for future growth, including the acquisition of operational assets and those in planning or under construction. CPP Investment will inject and additional US$269m into the venture following the conclusion of the deal.

As part of the restructuring, Votorantim Energia will cease to manage Votorantim's cement subsidiary Votorantim Cimentos' dedicated energy assets. The cement producer will then incorporate these into its own operations. This will enable Votorantim Energia to focus on energy generation for sale.

Group president João Schmidt said that the consolidation reflects the major role that energy business will play in the company's future. He said "Globally, there is a growing urgency around renewable energy and the energy transition. Alongside a partner like CPP Investments, which has shared our long-term views on energy since 2017, we are ready to accelerate our role in the sector." He added "Through the assets consolidation into a single platform, Votorantim and CPP Investments will share in a new cycle of growth and value generation together."