Shree Digvijay Cement Company has acquired 27% Equity stake in CGE Shree Digvijay Cement Green Energy (a part of Continuum Green Energy group’s portfolio of renewable energy project) on May 18, 2023, for a contracted capacity of 8.10 MW hybrid wind and solar power (project). This project will generate about 37% of total power requirement of the plant and put together with Waste Heat Recovery System (WHRS) will constitute over 65% of total power needs of the company with a considerable savings in the cost of power and environmental footprints.
The company has made this investment in connection with availing exemption of Electricity Duty, Cross Subsidy charge and additional surcharge works under Group Captive Power Scheme of Gujarat Wind Solar Hybrid Policy, 2018. The company will benefit by this cost saving and will help in having ‘Green Power’ and also get lower rates as compared to the power grid.
Shree Digvijay Cement Company is one of India’s pioneer in manufacturing Cement.
