Climate Change Data

OPG Power Ventures Plc

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1.09 kg CO2/kWh
Water Consumption:0.20 m3/MWh

ESG Focus Areas

  • Climate Change
  • Health and Safety
  • Community Engagement
  • Corporate Governance

Environmental Achievements

  • Reduced carbon emissions by 545,474 tons due to renewable energy generation (up to FY23)
  • Reduced auxiliary power consumption by 4.51 million units, contributing to a further 4,798 tons of carbon offset (projected for 2024)
  • Installation of solar lighting across facilities
  • Achieved 100% compliance on SOx, NOx, and PM emissions
  • Reduced water consumption by 36.9% through air cooling
  • Established a closed-loop water system
  • Generated and exported 112.95 MU of solar power
  • Low auxiliary consumption despite low PLF
  • Planted bamboo saplings in 18 acres

Social Achievements

  • Maintained zero TRIR (Total Recordable Incident Rate) for seven years
  • Conducted 1,139 hours of training (excluding 5,929 hours of OHS-related training)
  • CSR spending of £103,054

Governance Achievements

  • Adopted the Quoted Companies Alliance (QCA) Corporate Governance Code
  • Established a tri-level governance structure
  • Annual review of compliance with the QCA Code

Climate Goals & Targets

Long-term Goals:
  • Meet India’s “Net Zero” target by 2070
Medium-term Goals:
  • Achieve India's proposed energy mix
Short-term Goals:
  • Install 2.5 MW of solar power within the Chennai Thermal Plant (2024)

Environmental Challenges

  • High coal prices leading to low plant load factor and reduced generation volumes
  • Supply chain disruptions due to the Russia-Ukraine conflict and geopolitical tensions
  • Increased coal prices
  • Reduced generation volumes due to focus on profitable operations
Mitigation Strategies
  • Focus on profitable short-term contracts and Day Ahead Markets (DAM)
  • Use of cheaper coal from various sources
  • Medium-term Fuel Supply Agreements (FSA) with Mahanadi Coalfields Ltd.
  • Debt repayment, growth of ESG-focused projects, and maintaining a robust balance sheet

Supply Chain Management

Responsible Procurement
  • Longstanding relationships with reputable coal producers and traders
  • Medium-term Fuel Supply Agreements (FSA)

Climate-Related Risks & Opportunities

Transition Risks
  • Stringent regulations against thermal power
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: QCA Corporate Governance Code

Certifications: ISO 14001:2015, ISO 45001:2018, NABL accredited in accordance with ISO/IEC 17025:2005 Standard

Third-party Assurance: BDO LLP

Awards & Recognition

  • CEE National Environment Excellence Award