IBEF: September 17, 2019
In the manufacturing facility located at Kadapa in Andhra Pradesh, Bharathi Cement has commissioned a 10 MW ground-mounted solar power plant. This comes as the company plans to shift to Renewable Energy sources for its long-term plan.
This solar plant is executed by Hyderabad-based Fourth Partner Energy, in a record of 60 days. This plant is expected to generate 1.6 crore units of electricity annually and further help reduce Bharathi's overall energy costs by reducing its dependence on thermal power.
The plant is spread across 41 acres in Bharathi Cement's 5MTPA manufacturing unit in Kadapa. The Vicat Group, which is a French construction conglomerate is 51 per cent stake holder in Bharathi Cement and is responsible for the operations in this facility.
Guy Sidos, Chairman of Vicat Group inaugurated the 10 MW plant on 16th September 2019. According to Mr. Sidos, "This investment into the solar plant here reiterates our global commitment towards Renewable energy and Sustainable development. We are present in 12 countries and have already initiated the switch to Solar Power across India and Senegal. This is one more contribution towards our Sustainability story."
As per the statement by Anoop Kumar Saxena, CEO, Vicat India & Bharathi Cement, "With this solar plant, we have reduced our dependency on Thermal power and have entirely fulfilled our internal Solar Renewable Purchase Obligation. This is in-line with the objective of the International Solar Alliance, initiated by Inda and France in 2015."
Prior to this solar installation, Vicat Group is also involved in Fourth Partner Energy last year to set up a 1 MW Solar plant at its Bharathi Polymers facility.
Vivek Subramanian, Co-Founder and ED at Fourth Partner Energy said, "Our aim is to help businesses like Bharathi make the transition to cleaner energy sources, while saving on their electricity bills."
Till now, Fourth Partner Energy has executed over 20 projects in AP for clients like Walmart, Andhra Bank, D-Mart and Visakhapatnam Smart City.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.