Apparel maker Dollar Industries Ltd has commissioned a 4-mw solar power plant at its Tirupur manufacturing facility in Tamil Nadu.
The solar plant is a part of Dollar’s ‘Green Mission’ initiative and has a capacity of generating 75 lakh kwh of electricity annually, the company said in a release.
Dollar’s objective for installing the solar plant is to not only reduce costs but also make the spinning unit at Tirupur sustainable and self-reliant.
The new solar plant is expected to feed almost 50 per cent of the daily consumption at the spinning unit. Moreover, the solar plant will help in curbing the CO2 emissions by 9000 kg/per day.
According to Vinod Kumar Gupta, Managing Director, Dollar Industries, “We have always been a responsible corporate with a substantial focus on environment friendly practices. With the current pandemic situation, it is imperative to reduce costs and at the same time also create a clean and eco-friendly manufacturing facility protecting the environment. We at Dollar have been making constant efforts to operate in an environmentally friendly and sustainable manner.”
“By keeping a close watch on the development process, we mainly maximize the utilization of water, energy and our natural resources, safeguarding the earth by reducing our carbon footprints. This project is in line with Dollar’s commitment to develop renewable production capabilities to develop quality products for our consumers”, added Gupta.
Dollar Industries has invested Rs.18 crore for the plant and expects a payback period of five years.
At the plant’s inauguration, Binay Kumar Gupta, Executive Managing Director and Promoter, Dollar Industries, stated, “The solar plant has been commissioned by Indway Power Energy Pvt Ltd, our EPC partner from Coimbatore. The power generated from the solar plant will primarily used for our spinning unit. Excess power, if any, will be utilized to feed the dyeing unit, which is located at SIPCOT Industrial Park, Perundurai, Tamil Nadu.
