The Hindu Business Line : ITC sets up wind energy project in TN

The success of the Chennai-based wind energy project Wimco has prompted ITC Ltd to foray into the use of wind energy in its packaging and printing business, according to Mr R. Srinivasan, Member, Corporate Management Committee, ITC Ltd.

The company has commissioned a 14-MW wind energy project in Tamil Nadu by installing four windmills in Theni District, near Madurai, and five windmills in the Radhapuram Taluk, Tirunelveli District, in September.

The generation from these windmills would be used for captive consumption of its packaging and printing plant at Tiruvottiyur, Chennai, Mr Srinivasan told Business Line.

The total capital cost involved in the project is about Rs 90 crore, he said. “Wimco, Chennai, is already using four turbines of 250 KW each feeding into the Tamil Nadu Electricity Board (TNEB) grid at Muppandal, Tirunelveli. The project is doing well so we hope that the wind energy project in Chennai will be a success,” he added.

The wind energy project in Chennai, Mr Srinivasan said, would not only result in cost savings but would also enhance ITC’s positive environmental footprint. Once the project was functional, it would generate an internal rate of return of about 13 per cent including the Clean Development Mechanism (CDM) under Kyoto Protocol, he said.

Explaining the reason behind the setting up of the wind energy project in Tamil Nadu, Mr Srinivasan said, “Tamil Nadu has almost 50 per cent of the country’s wind energy. Moreover, the TNEB encourages people to set up wind energy projects.”

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