MEDIA RELEASE PR32081
ITC Forays Into use of Wind Energy in its Packaging and Printing Business
KOLKATA, Oct 6 /PRNewswire-AsiaNet/ --
ITC (BSE: ITC, NSE: ITC, Bloomberg: ITC@IN, RICS: ITC.BO,
ISIN: INE154A01025) 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 Muppandal, 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.
Nandini Basu,
Manager, Corporate Communications,
ITC Limited, Kolkata.
Ph: +91-9903955174
Source: ITC Limited
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