INDIACSR News Network
MUMBAI: Tata Power, India’s largest integrated power company has been bestowed as the winner of the CII ITC Sustainability Awards 2012 for its strong commitment to environment which addresses various aspects of resource conservation, energy efficiency, carbon footprint, renewable power generation, biodiversity and green buildings.
The Award was announced on 14 January 2013 at New Delhi in presence of the President of India, Shri Pranab Mukherjee and other respected Government dignitaries and Industry stalwarts. Mr Anil Sardana, Managing Director Tata Power received the award on behalf of the organization. The CII-ITC Sustainability Awards now in its seventh year recognizes companies which have successfully instituted sustainability in some element of their business.
On receiving this honour, Mr. Anil Sardana, Managing Director, TATA Power said “We at Tata Power define Sustainability as care for customers, communities, people and environment. We are happy that our efforts got this recognition. This definitely puts more responsibility on us and we will continue to calibrate our approach to raise the bar and meet the emerging expectations around sustainable performance.”
The CII-ITC Sustainability Awards are conferred to Indian businesses that demonstrate excellent performance in the area of Sustainable Development. Developing awards and conferring recognition are creative ways to nurture innovation. The Sustainability Awards – instituted by the CII-ITC Centre of Excellence for Sustainable Development in 2006 – are a unique initiative to identify and recognise Indian business for their exemplary performance in Economic, Environmental and Social dimensions of all their imperatives.
In the last six years, over 400 organizations of various sizes and sectors have vied for the prestigious CII-ITC Sustainability Awards, nearly 80 organizations have been recognized thus far. The rigorous evaluation process offers insights that improve the impact of sustainability initiatives and overall performance, and identifies new opportunities for value creation.
Today, Tata Power is one of the leading renewable energy players in India with 20- 25% of its generation from clean energy sources. It aims at building a healthy pipeline of upcoming projects with 25% from clean energy sources.
Tata Power is India’s largest integrated power company with a significant international presence. The Company has an installed generation capacity of 7700 MW in India and a presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful public-private partnerships in Generation, Transmission and Distribution in India namely “Tata Power Delhi Distribution Limited” with Delhi Vidyut Board for distribution in North Delhi, ‘Powerlinks Transmission Ltd.’ with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and ‘Maithon Power Ltd.’ with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand.It is one of the largest renewable energy players in India and is developing country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.