28 February 2023, Mumbai: JK Cement has entered into a power purchase agreement (PPA) with CleanMax Enviro Energy Solutions, Asia’s leading C&I renewable energy company for 6.42 MW wind – solar generation capacity in the state of Karnataka.

The PPA is for a duration of 25 years and at a tariff 50% less than the prevalent DISCOM tariff. Green energy will be provided from CleanMax’s wind – solar farm in Jagalur, Karnataka to JK Cement’s Muddapur factory.

This wind – solar capacity constitutes 4.68 MWp of solar power and 3.3 MW of wind power. This is a part of a larger wind – solar farm developed by CleanMax in Karnataka. The overall capacity of the farm stands at 290 MW; comprising 145 MW wind and 210 MWp solar; leading to carbon abatement of 61,18,92 tons CO2 equivalent.

Solar and Wind plants combine two of the fastest growing renewable energy technologies owing to their complementary nature. These power plants are highly efficient, provide reliability of continuous power supply and help effectively manage the consumption load.

Dr. Raghavpat Singhania, MD - JK Cement said, “JK Cement Signed Contract with M/s. CleanMax for Supply of Renewable Energy to meet the UN Energy Compact and Climate Target. JK Cement Ltd. has committed to the UN Energy Compact to achieve a minimum 75% of clean energy mix by 2030 and SBTi climate target. Over the last three years we have increased the green energy share from 19 to 43% and further to accelerate the transition towards clean energy commitment, JK Cement has signed a long-term contract with M/s. CleanMax for Supply of Wind and Solar Renewable Energy for our Muddapur unit which has already achieved more than 85% clean energy mix and established a benchmark by receiving the prestigious CII GreenCo Platinum award.”

Kuldeep Jain, Founder & Managing Director – CleanMax Enviro Energy Solutions Pvt. Ltd. said, “We are committed to support J K Cement’s net zero ambitions. Since the inception of CleanMax in 2011, we have been pioneers in the corporate sustainability space and take immense pride in our ability to come up with customized solutions for corporate consumers.”