UltraTech Cement Ltd is aiming to raise contribution of green energy to 25 per cent of its total power consumption by 2021. This increase is more than double the current contribution of 10 per cent of green energy to the company’s total energy consumption.
The increase in green energy contribution comes in the wake of the cement player’s commitment to hike contribution of renewable energy to its total power consumption by five times in the next two years. Renewable energy will contribute to over 10 per cent of its total power consumption by 2021.
The company plans to build capacity to generate above 650 million units of renewable power by 2021. The increased use of renewable power for electrical energy requirements will cut annual carbon emission to 533000 tonnes of CO2, and in 25 years, reduce total carbon footprint to 13 million tonnes of CO2.
Besides renewable energy, the green energy contribution includes energy generated through waste heat recovery systems (WHRS). During FY19, UltraTech commissioned 28MW of WHRS taking its total generation from WHRS to 8 per cent of total power consumption. The investments in progress are expected to be completed in a phased manner by 2021, taking WHRS to 15 per cent of total power requirement.