With dwindling fossil fuel reserves of coal, oil and gas and the environmental problems associated with their use, the Government of India encourages initiatives for the generation of green energy (wind, solar etc) for the generation of power for the industrial sector.
ASI has always been at the forefront in addressing environmental concerns and considers maintaining an ecological balance to be one of its primary corporate social responsibilities. Towards this objective and to encourage the use of green power in the mining sector, the Company is also engaged in wind power production. The total installed capacity is 3.625 MW across states of Karnataka and Maharashtra of which 1.125 MW is in Gadag district of Karnataka and 2.50 MW at Satara district of Maharashtra.
These plants contribute to reduction in Co2 emissions to the extent of 4,000 tonnes per year. Under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC), the Company has been successful in getting these projects registered under Clean Development Mechanism (CDM) with the Executive Board at Bonn, Germany.
Apart from wind power, the Company is also exploring the possibility of venturing into the generation of solar power generation as a part of its green initiative. These efforts represent a small fraction of ASI’s plans for a sustainable business and form the corner stone of future plans.