Reduction in Carbon FootprintKeen on reducing our carbon footprint, Frost International has setup a wind power generation project in the South Indian state of Tamil Nadu with the aim to promote sustainable development. Supplying power to the state electricity distribution grid, the green power facility is backed by multi-year power purchase agreement inked with the Tamil Nadu Government.
The 4.25 MW wind project is registered under the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change (UNFCC).The CDM allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol. The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction limitation targets.
The project reduces 7,753 ton carbon dioxide emissions annually and is eligible to earn carbon credits from December 03, 2012. The emission reduction will assist global attempts to reduce global warming and avoid climate change.
Bhavnagar PortFrost International forayed into stevedoring operations at the Bhavnagar Port in Gujarat in the year 2013. As an underdeveloped port, Bhavnagar offers significant opportunities for growth in both stevedoring and other areas of port operations.
Renewable Wind EnergyConscious about reducing its carbon footprint and environmental commitments, Frost International has set up a green energy project in the form of a 4.25 MW wind farm at Tuticorin and Tirunelveli in September 2011.
The Wind Farm is supported by a power purchase agreement signed with the Tamil Nadu Government, and supplies green power to the state electricity grid. Additionally, Frost International is accredited with the UNFCC and is earning carbon credits for this endeavour.
Zaz TanneryZaz Tannery became part of the Frost International family with its acquisition in 2011. A sick unit at the time, Zaz Tannery received significant funding and management support in order to accomplish its purpose. Today, as a subsidiary of Frost International, Zaz Tannery produces leather based safety shoes that are used by people across the country in industrial areas. Additionally, the tannery supplies its products to third party vendors, who in turn supply these steel-toe shoes to the Indian Army, among other customers. Future plans for the tannery include evaluation and foray into international markets where construction laws and regulations mandate the use of products that are the forte of Zaz Tannery.
Coal Mining (Meghalaya)Frost International has leased a one km stretch of land for a period of 30 years at Khasi Hills in the Eastern Indian state of Meghalaya, and has also constructed road connectivity to facilitate the mining and transportation of coal. Owing to the location and distance of the mines, it is not economically viable to transport and consume the high quality coal within the country.
Coal mined from the open pit mines is transported via Frost International's own trucks, for export and onward delivery and consumption by power plants and other users in Bangladesh.