Binani Energy Private Limited (BEPL) began as a source of power for captive consumption for the entire Binani Industries Group. Today, BEPL meets almost 90% of Binani Cement’s demands and plans to supply power to the glass fibre and other manufacturing units as well. The next step is for BEPL to provide Binani Industries with 100% self-reliance in power by adding alternative sources of energy – coal/lignite based units and renewable power plants, such as biomass, solar, hydro and others to cater to the needs of Binani Industries’ group companies.
In addition, BEPL aims to produce its power using effective and efficient energy conservation measures, reduced energy consumption costs, all with the goal of contributing towards a greener planet.
As part of a recent expansion, BEPL has set up three captive power plants with a total capacity of 70 MW at Binani Cement Limited, at Binanigram. Prior to this capacity Binani Cement purchased power from the state grid but supply was neither sufficient nor dependable for 24×7 operations. In addition, the cost of purchasing power from the state grid was higher and the reliability lower than what was offered by the in-house BEPL group. In the last one year BEPL also adopted innovative ways to bring down the generation cost of CPP by 17% which is quite significant. Also contribution of CPP increased from 76% to 90% in terms of supplying power to cement plant by reducing the contribution of state grid supply by 80%.
Binani Energy Private Limited plans to set up 120MW power plant near its captive lignite mine at Nimbri, in Rajasthan. This mine will provide cost-effective fuel supply to its captive power plants. We expect to get approximately 12 million tons of minable lignite reserve during the first phase of operations. The company is confident of achieving its goal of providing power to all its group companies by leveraging from its own source of fuel, such as lignite from the mines in Rajasthan and other coal reserves that the company aims to acquire and develop in other countries.
Today, almost all the power produced by BEPL gets consumed internally by the group companies. However, in future when BEPL has surplus power capacity, BEPL could provide power to other companies as well. BEPL is developing entry strategies of various capacities in thermal and renewable energy area (hydro, biomass, and solar) in line with on-going government policies to obtain the best economic advantage and to help the nation in its long-term power generation capacity building program.