ITC PLANS TO TURN TOWARDS GREEN SOURCES FOR ALL GRID ELECTRICITY PURCHASES BY 2030

Highlights
• ITC uses renewable energy across its 20 factories, nine hotels and six office buildings in several states
• ITC has already made “significant investments in renewable energy assets” that include wind and solar projects combined


ITC Ltd has decided to switch towards green sources in order to meet 100 per cent of purchased grid electricity requirements by 2030, from the current 40 per cent.
It uses renewable energy across its 20 factories, nine hotels and six office buildings in the states of Telangana, Tamil Nadu, Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Delhi, Bihar, Haryana, West Bengal and Punjab said the diversified conglomerate in a statement.
ITC has been taking tiny steps towards consumption of renewable energy over the period of last two decades and has already made “significant investments in renewable energy assets” that include wind and solar projects combined. This will improve its renewable energy share by an additional 6 per cent from current levels, said the Kolkata-based company.
ITC is targeting to achieve a 50 per cent reduction in specific emission and 30 per cent reduction in specific energy consumption by 2030, over its 2014-15 base-line.
According to Sanjiv Rangrass, Group Head – R&D, Sustainability and Projects, ITC “The company is emphasising on the need to de-carbonise energy consumption through green energy solutions in order to mitigate climate change risks.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post