ITC will now
utilize wind energy in its Packaging and Printing business as part
of its commitment to progressively use renewable energy to further
consolidate its carbon positive status. In line with ITC’s abiding
vision to contribute meaningfully to sustainable development, the
Company has recently commissioned a 14 MW Wind Energy Project in
Tamil Nadu by installing 4 Windmills in Theni District, near Madurai
and 5 Windmills in the Radhapuram Taluk, Tirunelveli District, at a
capital cost of about Rs. 90 Crores. The project will not only
result in cost savings but will also enhance ITC’s positive
environmental footprint.
The generation
from these windmills would be used for captive consumption of its
Packaging and Printing plant at Tiruvottiyur, Chennai. The project
is proposed to be enlisted and registered as a Clean Development
Mechanism (CDM) Project with the CDM Executive Board set up under
the “Kyoto Protocol”. Wimco, Chennai, an ITC subsidiary, is already
using 4 turbines of 250KW each feeding into the TNEB grid at
Mupppandal, Tirunelveli. ITC’s hotel in Hyderabad – The ITC Kakatiya
is already using wind energy as part of its energy portfolio for the
hotel.
Going forward,
ITC would like to progressively invest in developing more Clean
Energy Projects to enhance the company’s contribution to the ‘Triple
Bottom Line objectives of simultaneously creating economic,
environmental and social capital for the Nation.