Page 14 - AsiaElec Week 27 2021

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“We have 50 direct suppliers with more
than 4,00,000 co-workers in the Indian supply
chain,” he said.
IKEA suppliers presently cannot generate
all their renewable electricity on-site - a
majority still needs to be bought from the
grid.
Through this programme, IKEA will have a
complete offer to support suppliers to generate
renewable energy on-site and enable them to
purchase the remaining part from the grid.
Resources, Water and Northern Australia. IKEA to help suppliers in Presently, IKEA has implemented 51 per
With this latest investment, NAIF cent renewable energy consumption in its
has committed more than $3bn to 26 India, 2 other markets stores, offices, warehouses, factories, and other
infrastructure projects across northern operations.
Australia. transit to 100% renewable “The goal is to reach 100 per cent
NAIF CEO Chris Wade said: “We are renewable electricity in 2025 and by 2030
delighted to support a major job creating power secure that all remaining energy, such as
project in one of central Queensland’s heating and cooling, in renewable as well,” it
key industries. With more than $3bn in Swedish home furnishing retailing major said.
investment now committed to job creating IKEA on Thursday said it will launch a IKEA India, part of Ingka Group opened
projects, NAIF is supporting economic growth programme in India, Poland and China this its first retail store in Hyderabad in August
in northern Australia. Helping the Olive year, helping suppliers there transit to 100 2018 and second store at Navi Mumbai,
Downs project deliver many hundreds of per cent renewable electricity. Under this Maharashtra in December 2020.
locally-based jobs to the region is something initiative, the company would invest and
we are delighted to do.” support nearly 1,600 direct suppliers, IKEA
Construction of the mine is expected to said in a statement.
take 18 months and the project is expected IKEA is striving for 100 per cent renewable PEOPLE
to contribute an estimated $10bn to the energy throughout the entire value chain.
Queensland economy over its lifespan, with By switching to renewable electricity, these Kiran Dutt Joins ABB
additional royalties paid to the Queensland suppliers will save 670,000 tonne of emissions
Government. per year, which is equivalent to approximately India as President of its
Pembroke has committed to providing 3 per cent of the total climate footprint of the
workers with an opportunity to live in towns IKEA value chain, it added. Electrification business
near the mine including Moranbah, Dysart “The programme will be introduced in
and Mackay. 2021 for suppliers in Poland, China and ABB India Ltd appoints Kiran Dutt as
As part of Pembroke’s Indigenous India, who represent three of IKEA’s largest President of its Electrification business Kiran
Engagement Strategy – a condition of NAIF’s purchasing countries, followed by a stepwise Dutt joined ABB in 2004. Dutt will lead the
funding – the company has committed to global rollout,” it said. ABB Electrification business for India, Sri
strengthen their relationships with the local IKEA has around 50 suppliers in India and Lanka, and Bangladesh. He will be responsible
Traditional Owners, the Barada Barna people. is one of the largest purchasing countries. for growing market coverage and channel
This includes continuing support of cultural “India is one of IKEA’s largest purchasing penetration and working closely with the
heritage on country and developing training countries, and we are excited to adopt this broader Electrification Regional Global
and employment initiatives with the Barada programme in this market,” said Henrik Elm, Markets organisation of Asia Pacific & India.
Barna Aboriginal Corporation. Global Supply Manager, Inter IKEA group. Dutt, with experience of over 25 years,
In Queensland, NAIF has approved $1.2bn The programme supports IKEA’s long- will take over from CP Vyas, who had been
of loans to 11 projects. NAIF has reached term commitment to become climate positive leading the Electrification Business in India
contractual close of $989m in transactions by 2030 by reducing more greenhouse gas since 2016 and was part of ABB India in
in Queensland – a critical point of economic emissions than the value chain emits, while various capacities for the last 30 years.
enablement where design and construction growing the business. Kiran Dutt, in his new role, said, “It’s
activities commence and job creation starts. “We have a long-term perspective and a great honour and a privilege to lead the
The Olive Downs Coking Coal Project the financial strength to invest in activities Electrification business team that is dedicated
is 100% owned by Pembroke, an Australian and support our suppliers to have a positive to transforming how people live, connect, and
specialist steelmaking coal company and is impact on people and the planet. By working work by delivering safe, smart, and sustainable
backed by its major shareholder, Denham together, we can make renewable electricity electrification solutions. We are shaping the
Capital, a leading global energy and resources both more affordable and accessible,” he future trends of electrification, differentiating
private equity firm. added. through technological and digital innovation
NORTHERN AUSTRALIA INFRASTRUCTURE IKEA South Asia Purchasing Manager while delivering an outstanding experience
FACILITY Marius Martinaitis said with this initiative through operational excellence for our
in collaboration with the valuable partners, customers across utilities, industry, buildings,
IKEA will save precious resources and reduce infrastructure, and mobility.”
RENEWABLES the climate footprint.

P14 www. NEWSBASE .com Week 27 07•July•2021