Shree Cement to set up 106 MW capacity of solar power projects

Shree Cement is planning to develop 106 MW of solar power projects to meet the captive power needs of its cement manufacturing facilities.

The project is likely to be commissioned by the quarter ending in September 2022. The company will invest about Rs 5 billion for these projects from internal accruals. The company targets maximizing clean energy usage for its operation and reducing its carbon footprint and fossil fuel dependence. Earlier it had secured net metering connectivity for a captive rooftop solar power project in Jharkhand with 1.99 MW capacity at a 132 kV voltage supply.