ITC to invest Rs 300 cr in wind power
The Hindu Business Line - 02 Aug 2013
Diversified conglomerate ITC Ltd plans to invest nearly Rs 300 crore to add 48 MW wind power generation capacity by early next fiscal. The capacities will be located in Andhra Pradesh. The company currently has a 70 MW wind farm capacity, mostly in Tamil Nadu. According to Pradeep Dhobale, Executive Director, ITC Ltd, about 40 per cent of the energy consumed by ITC comes from renewable sources. “We plan to set up windmills in Andhra Pradesh and add another 48 MW capacity,” Dhobale told reporters here on Thursday, on the sidelines of a conference on green building organised by CII. According to a company spokesperson, ITC’s info-tech park in Bangalore is completely powered by renewable energy. Five of ITC’s hotels - Windsor and Gardenia in Bangalore, Grand Chola in Chennai, Maratha in Mumbai and Rajputana in Jaipur - are mostly run on renewable energy. “We have earned close to half-a-million carbon credits (carbon emission reduction units) since 2006 through renewable energy projects,” Dhobale said.
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