Fourth Partner commissions 10 MW solar plant at Bharathi Cement’s Kadapa facility
Bharathi Cement has commissioned a 10 MW ground-mounted solar power plant in its manufacturing facility at Kadapa in Andhra Pradesh, as part of its long-term plan to transition to renewable energy sources. This plant will generate close to 1.6 crore units of electricity annually and help reduce Bharathi’s overall energy costs by reducing its reliance on Thermal power. The project was executed by Hyderabad-based Fourth Partner Energy, in a record 60 days.
This 10 MW Solar plant for Captive electricity consumption, is spread across 41 acres in Bharathi Cement’s 5-MTPA manufacturing unit in Kadapa. French Construction conglomerate, the Vicat Group owns 51% stake in Bharathi Cement and operates this facility. Guy Sidos, chairman of NYSE-listed Vicat Group inaugurated the 10 MW plant and said, “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.”
Anoop Kumar Saxena, CEO, Vicat India & Bharathi Cement added, “With this solar plant, we have reduced our dependency on Thermal power and have entirely fulfilled our internal Solar RPOs (Renewable Purchase Obligation). This is in-line with the objective of the International Solar Alliance, initiated by India and France in 2015.
Prior to this solar installation, Vicat Group also engaged Fourth Partner Energy last year to set up a 1 MW Solar plant at our Bharathi Polymers facility – their excellent execution capabilities and in-house Asset management expertise made them our obvious choice in this Sustainability journey.”
India is the second largest producer of Cement in the world, manufacturing over 500 MT in 2018. Vivek Subramanian, Co-Founder and ED at Fourth Partner Energy said, “Cement manufacturing is an extremely energy-intensive process. Moreover, the Centre’s focus on better infrastructure and affordable housing to all by 2022 implies this segment is ripe for growth. Our aim is to help businesses like Bharathi make the transition to cleaner energy sources, while saving on their electricity bills. Bharathi’s proactive on-site support from their operations team was instrumental in helping our personnel execute this large installation in just 2 months.”
Speaking about the experience of installing large-scale Solar plants in Andhra Pradesh, amidst the controversy over renegotiating PPAs in the State, Vivek Subramanian added, “Fourth Partner Energy has executed over 20 projects in this State for clients like Walmart, Andhra Bank, D-Mart and Visakhapatnam Smart City. Andhra Pradesh aims to add 5 GW of Solar capacity by 2024 and Fourth Partner Energy will continue to work with the government and businesses to help achieve this target.”
Fourth Partner Energy has an operational portfolio of over 180 MWp of distributed solar assets across 23 states; and an additional capacity target of 350 MWp for FY20. Fourth Partner Energy has forayed into Open Access, as well as expanded its footprint to international markets across South Asia, South East Asia and the Middle East, in recent months.
The company is also working on energy storage solutions and developing EV infrastructure across the country. Fourth Partner Energy is backed by TPG’s The Rise Fund which has invested $70mn in the firm.
@EPC World Media