In its endeavour to contribute to a 'cleaner and greener' environment, ITC has been expanding its renewable energy footprint over the past two decades. The company has already made significant investments in renewable energy assets (Wind and Solar projects combined). This will improve Renewable Energy share of company by additional 6 per cent from current levels.
The current renewables portfolio of ITC consists of 138 MW of wind power plants and 14 MW of Solar plants with 53MW of additional solar capacity under execution. Projects are also underway in the area of other sources of renewable energy like solar boiler or biomass boilers.
At present, ITC uses renewable energy across 20 factories, 9 hotels and 6 office buildings spanning states such as Telengana, 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 Inter-State Open Access mechanism.
Currently, the 46MW Wind power plant in Andhra Pradesh owned by ITC supplies power to over 15 ITC establishments in 8 states. This has led to a higher Renewable energy utilization for the company.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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