UltraTech eyes 85pc share of green energy in its total energy mix by 2030
New Delhi:) UltraTech Cement on Wednesday announced its plans to increase the overall share of green energy in its total energy mix to 85per cent by 2030.
As an interim target, the Aditya Birla Group firm plans to increase its total green energy share three-fold from its current 22pc to 60pc by 2025-26.
“Green energy is a key enabler of decarbonization. We have been constantly scaling up our green energy mix in our total power requirement over the years, which is a testament to our commitment towards a clean and green tomorrow,” said K C Jhanwar, Managing Director, UltraTech Cement.
To boost the share of green energy in the overall energy mix, UltraTech has implemented several initiatives including switching to renewable energy sources and expanding Waste Heat Recovery Systems (WHRS).
Currently, the company has 691 MW of green energy capacity, which includes 262 MW of WHRS installed capacity and 429 MW of contracted renewable energy. Cumulatively, this translates to about 22pc of UltraTech’s current energy requirements.
“UltraTech targets to meet 100pc of its electricity requirement through renewables sources by 2050, as part of its RE100 commitment. As a member of EP100, UltraTech is committed to double its energy productivity,” the company said in a media release.