Cement News tagged under: Renewable Energy

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Cemex completes financing for wind farm project

11 April 2014, Published under Cement News

Cemex has successfully completed the financing of Ventika, a project comprising the construction of two 126MW wind farms each, for a total nominal capacity of 252MW, to be located in General Bravo, Nuevo Leon, Mexico. The investment for the project is approximately US$650m, of which 75 per cent corresponds to debt and 25 per cent to equity. The debt financiers are the North American Development Bank, Banobras, Nafin, Bancomext and Santander. The equity partners are Fisterra Energy, a compa...

Ketton solar power plant could see year-end start, UK

15 October 2013, Published under Cement News

A new solar power plant to be built on land owned by Hanson Cement could be up-and-running by year-end, with over a third of its power destined to supply the UK cement producer's Ketton works. Lark Energy, based in Market Deeping, has been granted planning permission to create the farm on land near Pit Lane, Ketton, local news reported. If a condition on drainage is approved by Rutland County Council, the firm will be able to start installing the 38,544 panels. Once complete, the solar...

ACC plans capex of INR33bn in 2013

08 April 2013, Published under Cement News

ACC Ltd, India's second-largest cement producer, has planned a capital expenditure of INR33bn (US$603.9m) in 2013, most of which will be used for the expansion of an existing unit at Jamul in Chhattisgarh. ACC has started work on the Jamul expansion project, which will add 5Mta of capacity, Chairman NS Sekhsaria said while addressing shareholders at the company's 77th annual general meeting (AGM). The expansion, to be completed in a phased manner by 2015, will take ACC's total capacity t...

Cemex to participate in Clean Energy Fund

31 October 2012, Published under Cement News

Cemex announced that it will participate in a Clean Energy Fund that is expected to raise approximately US$300m through a public offer of Certificados de Capital de Desarrollo (Capital Development Certificates) in the Bolsa Mexicana de Valores (Mexican stock exchange). The proceeds will be invested in a series of clean energy projects in Mexico. Cemex said its participation in the fund would be limited to management and advisory activities, and that it would retain a minority equity stake...

Golden Bay wins renewable energy award, New Zealand

25 May 2012, Published under Cement News

New Zealand-based Golden Bay Cement has been recognised for its use of bioenergy to reduce CO2 emissions, winning the Renewable Energy category in the 2012 EECA Awards. The company has cut CO2 emissions by a 58,000tpa and is saving $3m every year in energy costs, as a result of substituting nearly a third of the coal burned in its kiln for wood fuel, sourced from demolition and construction waste. The project makes Golden Bay Cement New Zealand's largest known user of renewable wood ener...

Lucky Cement to receive approval for wind farm investment, Pakistan

14 May 2012, Published under Cement News

Pakistan cement producer Lucky Cement is to set to receive approval at an extra-ordinary general meeting on 31 May for an investment in the associated company Yunus Energy Ltd which is establishing a 50MW wind power plant in Sindh. The Pakistan Banker reports that Lucky Cement plans to make an investment of PKR385m (US$4m), divided into 38.5 million ordinary shares of PKR10 each.

Future drivers of UK cement consumption

16 April 2012, Published under Cement News

With the UK construction industry continuing to suffer from reduced private and public demand, the offshore wind industry offers considerable economic promise, according to Andrew Minson, Executive Director of Mineral Products Association (MPA) The Concrete Centre. The growth of wind, wave and tidal industries has the potential to generate up to 120,000 jobs over the next 10 years, both directly and through the UK-based supply chain that is developing alongside it, the MPA notes. Furthermo...