Our approach of 'doing more with less' is helping us unlock faster decarbonization opportunities.
At UltraTech, energy efficiency drives business efficiency. Improving energy efficiency is also closely linked to reducing the carbon intensity of our operations. That is why we constantly review our energy performance and invest in energy efficient technologies. Initiatives like cooler upgradation, calciner modification, voltage variable frequency drive (VVFD) installation and burner modification across our manufacturing plants have drastically improved our energy productivity.
Additionally, we generate power from cleaner sources of energy. This reduces carbon emission and provides higher energy security. UltraTech has joined the EP100 initiative which brings together a growing group of energy-smart companies committed to using energy more productively, to lower greenhouse gas emissions, and accelerate a clean economy. UltraTech has committed to double its energy productivity by becoming a member of EP100.
Going forward, UltraTech will be focusing on using globally emerging technologies, change in product mix and energy mix, and digitisation to take energy productivity to the next level. In the area of renewable energy, we are increasingly investing in solar power generation for captive usage. This is in addition to our existing contract capacity of 99 MW renewable energy plants.