ITC has set up a 14 Mw wind energy project in Tamil Nadu, the power from which will be used for the company's packaging and printing businesses in Chennai, the company said in a statement.
The project has been set up at a cost of Rs 90 crore.
ITC plans to register the project as a Clean Development Mechanism (CDM) project. The company said it plans to progressively use more renewable energy to remain carbon positive. Companies which are carbon positive have the option of selling carbon credits to raise money.
ITC’s hotel in Hyderabad – ITC Kakatiya – is already using wind energy as part of its energy portfolio for the hotel.