The collaboration, in the opinion of Sunsure Energy's founder, chairman, and CEO, Shashank Sharma, represents a major step toward their common objective.
New Delhi: On Friday, Sunsure Energy said that it has inked power purchase agreements with Pune-based KSB Ltd, a producer of pumps and valves, to provide around one crore units of renewable energy per year for the following 25 years.
Sunsure will establish this captive renewable energy project, with KSB Ltd serving as the exclusive electricity customer, according to the official press release.
It further stated that the open access power supply to KSB Ltd's several Maharashtra plants will meet the company's commitment to using green energy. With the use of clean electricity, KSB Ltd. will be able to offset 221 million kgs of CO2 over the course of the next 25 years, which is the same as planting 3.5 lakh trees.
"The agreement will help us achieve our sustainability goals by offsetting a significant portion of our total CO2 emissions," KSB Ltd. managing director Rajeev Jain stated.
The collaboration, in the opinion of Sunsure Energy's founder, chairman, and CEO, Shashank Sharma, represents a major step toward their common objective. He declared that the organization is dedicated to supporting KSB Ltd in accomplishing its sustainability objectives by utilizing their specialized knowledge in renewable energy.