You are here: Home » Companies » News
Business Standard

ITC commissions Rs 76 cr solar plant in Dindigul to cut carbon footprint

The facility will generate renewable energy for the group's hotels, food manufacturing and other businesses in Tamil Nadu.

Topics
ITC | solar plant | Tamil Nadu

Shine Jacob  |  Chennai 

ITC
Photo: Shutterstock

Cigarettes-to-hotel conglomerate Ltd has commissioned its first offsite at Dindigul in Built for Rs 76 crore, the plant will help reduce carbon dioxide emissions by the group’s businesses.

The 14.9 megawatt (MW) plant spread over 59 acres will generate over twenty-two million units of renewable energy annually for ITC’s hotels, food manufacturing plants, paper manufacturing, and printing and packaging factories in

The plant has helped meet 90 per cent of its electricity requirement from renewable sources in ITC’s renewable portfolio comprises 138 MW of wind power plants and 14 MW of Solar plants with 53MW of additional solar capacity under execution. Currently, projects are also underway in other sources of renewable energy like biomass boilers. The company has made investments of more than Rs 1000 crore in renewable energy assets.

The company said in a statement that the new project is in line with chairman Sanjiv Puri’s ‘Sustainability 2.0’ Vision that calls for inclusive strategies to support livelihoods, fight climate change, support circular economy and enable the transition to a net-zero ecosystem, it said. As a part of this Vision, ITC plans to meet100 percent of the entire grid electricity requirements from renewable sources by 2030 and contribute meaningfully to combat the threat of climate change.

“At ITC, we have relentlessly pursued a mission for environmental stewardship through a gamut of large scale endeavours that comprehensively address the threat of climate change. Our large-scale investments in renewable energy assets are an integral part of our low carbon strategy aimed at making a meaningful contribution to a net-zero economy," said Sanjiv Rangrass, Group Head – ITC Life Sciences & Technology.

Renewable energy powers twenty factories, nine hotels, and six office buildings of ITC in Telangana, Tamil Nadu, Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Delhi, Bihar, Haryana, West Bengal, and Punjab. In 2018, ITC became the first private sector entity to wheel renewable energy across states through the Inter-State Open Access mechanism. Currently, ITC’s 46MW Wind power plant in Andhra Pradesh supplies power to over 15 ITC establishments in eight states. This has led to a higher renewable energy utilization for the company.

Besides investing in new renewable energy assets, ITC, as part of its Sustainability 2.0 agenda aims to achieve a 50 per cent reduction in specific emissions and a 30 per cent reduction in specific energy consumption by 2030 over a 2014-15 baseline. Such efforts in decarbonizing energy consumption through low-carbon energy solutions will be met through large-scale digitalisation and R&D initiatives, cross-sectoral collaborations, and partnerships.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 28 2021. 15:11 IST
RECOMMENDED FOR YOU
.