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Project: Tata Power to follow 3-pronged conservation approach

Fiinews by Fiinews
October 5, 2022
in Projects
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Environment stewardship has always been at the heart of our operations, says Sinha

With a focus on grassland ecosystem management across its sites, Tata Power will follow a three-pronged conservation approach with emphasis on clean energy generation while maintaining the ecological balance and contributing to a sustainable livelihood.

The approach was reinforced by Tata Power at its first ever “Act of Biodiversity Conclave” held 30 Sept 2022, underlining its commitment towards ecosystem conservation across its renewable sites spread across 9 states.

The initiatives were announced based on the first-of-its-kind study commissioned by Tata Power in collaboration with the Bharati Vidyapeeth Institute of Environment Education and Research (BVIEER), Pune.

The study piloted at Neemuch, Madhya Pradesh, closely evaluated the bio reserve at renewable capacities, recommended structured management and conservation initiatives.

Speaking at the conclave, Tata Power CEO & MD Dr. Praveer Sinha said, “Environment stewardship has always been at the heart of our operations. We look forward to collaborating with change-makers and like-minded corporates who are committed to make a positive impact on the environment of our planet earth.

“I am confident that this unique grassland conservation study, will be a major milestone in ensuring sustainable ecosystems around the rapidly growing renewable energy sites, in the wake of India’s ambitious 500 GW renewable energy goal by 2030.”

Tata Power, as one of India’s largest integrated power companies, embarked on the biodiversity conservation journey with its hydro generation units as far back as 100 years ago in the areas of Bhira, Bhivpuri, and Khopoli in the region of the Northern Western Ghats — one of the major biodiversity hotspots in the world.

In addition to a diverse range of sustainability initiatives, the company’s flagship biodiversity conservation program, Act for Mahseer completed 50 years in 2021, leading to previously endangered Blue-Finned Mahseer being taken off the IUCN red list.

The Biodiversity Conclave witnessed significant conversation on diverse topics like ‘Business and Biodiversity’, ‘Ecosystem restoration’, ‘The use of technology for conservation’ to name a few.

Tata Power has committed to the Science Based Targets Initiative and is on track to achieve carbon net zero before 2045 along with a clear roadmap to achieve Water Neutrality and Zero waste to landfill by 2030. Tata Power is the only Indian utility to co-create the first SDG roadmap for power utilities along with World Business Council Sustainable Development (WBCSD) and 10 other global power companies. fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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