Cement News tagged under: solar power
Al Jouf Cements invests in solar power plant20 November 2024, Published under Cement NewsAl Jouf Cement Co is investing in a 22MWp solar photovoltaic (PV) plant. Engie, located in the south of Turaif Governorate, will supply the equipment and will manage all aspects of the project’s design, performance and maintenance. This partnership reflects Engie’s dedication to transforming the region’s energy landscape and advancing industrial sustainability through innovative renewable solutions, said the company in a statement. According to Engie, this strategic project is key ... |
Thatta Cement Co expect to to export cement to Europe in 202418 November 2024, Published under Cement NewsThatta Cement Co Ltd (THCCL) held a corporate briefing on 15 November to discuss FY24's financial results and prospects. Management reports that the company will likely enable exports by the end of this year to Eastern Europe. BMA Research, encompassing the key highlights of the briefing, reported that the cement company has a total power requirement of 10MW, which is being met through a combination of sources: 3.5MW from a solar plant, 3.5MW from waste heat recovery (WHR), and the rema... |
Cherat Cement posts strong financial results for 1QFY24-2501 November 2024, Published under Cement NewsCherat Cement Co Ltd (CHCC) submitted its financial results for 1QFY24-25 to the Pakistan Stock Exchange (PSX) on 28 October. The company reported a profit after tax of PKR2.9bn (US$10.44m), representing an 88 per cent YoY increase. Company Secretary, Asim H Akhund, highlighted that domestic demand for cement decreased by 19.7 per cent YoY during the review period. However, when compared with the year-ago period exports continued to grow by 22.3 per cent, primarily driven by a 23.3 per cen... |
Gharibwal Cement plans to enhance its solar generation capacity by 8MW to 20MW25 October 2024, Published under Cement NewsGharibwal Cement (GWLC) remains committed to diversifying away from the national grid. Its captive capacity stood at 70MW during FY24. Moreover, the company plans to enhance its solar generation capacity by 8MW to 20MW. The project’s cost is estimated at PKR550m, and its expected completion date is March 2025. According to BMA Research coverage of the briefing, the company’s reliance on the national grid increased to 32 per cent during the fiscal year, compared to 31 per cent in FY23. Mor... |
Republic Cement’s Bulacan plant invests in solar power24 October 2024, Published under Cement NewsRepublic Cement has signed a multiyear contract with Aboitiz Upgrade Solar,Inc (AUSI) to supply 14MWp of solar power to its Bulacan cement plant . This partnership is a key component of Republic’s strategy to reduce its carbon footprint and enhance cost efficiency by tapping into renewable energy. This clean energy solution aligns with the company’s broader goal of sustainable manufacturing and energy efficiency, essential for its energy-intensive operations. The collaboration with AUSI... |
Holcim invests in new cooler and PV plant at Mannersdorf02 October 2024, Published under Cement NewsHolcim will invest EUR10m in a new clinker cooler system to reduce heat consumption and save 18,000tpa of CO 2 at its plant in Mannersdorf , Austria. The project is scheduled for completion in the spring of 2025. In addition, the first phase of the plant’s new photovoltaic system has been completed. Solar panels with a capacity of 2.7MW were built on the site of the former chimney at the plant. A further stage of the PV installation is due for completion next year. When commissioned, t... |
Dalmia agrees to acquire 26% stake in Truere Surya04 September 2024, Published under Cement NewsIndia-based Dalmia Bharat Group said that its subsidiary Dalmia Cement (Bharat) has entered into a share subscription and share holders agreement (SSSHA) to acquire a 26 per cent stake in the equity share capital of Truere Surya. The transaction value is INR448m for 44,800,000 shares. Truere Surya will enable Dalmia Cement (Bharat) to set up a captive solar power project with a capacity of up to 128MW in Tamil Nadu. This is expected to improve the company’s renewable power supply, sup... |
BluPine Energy to supply Dalmia Cement (Bharat)17 June 2024, Published under Cement NewsDalmia Cement (Bharat) Ltd has signed an agreement with BluPine Energy for the supply of green energy through a solar power project in Karnataka, India. The agreement involves a 46.87MWp solar power plant under a captive structure, which is expected to generate approximately 93.75MUs of electricity each year, reducing carbon emissions by more than 85,000tpa. “The solar plant in Karnataka will not only produce clean energy but also foster local economic growth and support environmental ... |
Indocement starts work on 15MW solar power plant04 June 2024, Published under Cement NewsIndocement officially commenced the operation of the ground-mounted solar power plant at its Tarjun factory in Indonesia on 22 May 2024. The inauguration was attended by Chairman of the Managing Board of Heidelberg Material, Dr Dominik Von Achten, Member of the Managing Board of Heidelberg Materials , Roberto Callieri, President Director of Indocement, Christian Kartawijaya, Director of Indocement, Hasan Imer, Hølger Morch, Antonius Marcos and General Manager of Tarjun Factory, Agus ... |
Thatta Cement Co shows strong profit growth in 9MFY23-2417 May 2024, Published under Cement NewsThatta Cement Co Ltd reported that in the nine months ending on 31 March (9MFY23-24), the company earned a net profit of PKR888.2m (US$3.19m) when compared to PKR80.6m in the year-ago period, representing a strong advance in net profit during the accounting period. The company's local sales, in terms of volume, increased by 21.2 per cent to 387,774t compared to the corresponding period of last year, when 319,959t of cement were dispatches. Thatta Cement achieved a 41.1 per cent increase i... |