ITC Commissions First Offsite Solar Plant with Rs 76 Cr Investment in Tamil Nadu

India’s leading business conglomerate ITC Ltd has commissioned its first offsite solar plant of 14.9 MW capacity in Dindigul, Tamil Nadu.

The solar power plant, which was developed by the company with an investment of Rs 76 crore, would help in reducing CO2 emissions over the course of its lifetime.

The plant has already helped ITC to achieve the rare feat of meeting 90 per cent of its electricity requirement from renewable sources in the state of Tamil Nadu.

This new project is in line with ITC Chairman Sanjiv Puri’s ‘Sustainability 2.0’ Vision, a comprehensive goal-based agenda that raises the bar for sustainability performance.

As a part of this Vision, ITC plans to meet 100 per cent of the entire grid electricity requirements from renewable sources by 2030 and contribute meaningfully to combat the threat of climate change.

Spread over a sprawling 59 acres, the solar plant has been built with the latest in solar technology and complies with all national and international standards on design and safety.

Further, the unit is estimated to generate over 22 million units of renewable energy annually for the company’s hotels, food manufacturing plants, paper manufacturing facility, and printing and packaging factories in the state.

Commenting on this new project, Sanjiv Rangrass, Group Head – ITC Life Sciences & Technology, Central Projects, EHS & Quality Assurance, ITC Ltd, said, “At ITC, we have relentlessly pursued a mission for environmental stewardship through a gamut of large-scale endeavours that comprehensively address the threat of climate change. Our large-scale investments in renewable energy assets are an integral part of our low carbon strategy aimed at making a meaningful contribution to a net-zero economy.”

Meanwhile, the company’s renewable portfolio comprised of 138 MW of wind power plants and 14 MW of Solar plants with 53MW of additional solar capacity under execution. Currently, projects are also underway in other sources of renewable energy like biomass boilers. The company has made investments of over Rs 1,000 crore in renewable energy assets to date.