 "Tata Power partners with Noida Airport for Rs 550 cr clean energy project")
Tata Power will invest Rs 550 crore to develop solar and wind power capacities and related infrastructure to supply clean energy to Noida International Airport (NIA), a statement said.
Tata Power has signed two power purchase agreements with the upcoming Noida International Airport project in Uttar Pradesh.
"Tata Power has entered into a strategic partnership for RE integration with Noida International Airport (NIA). Tata Power will invest Rs 550 crore (USD 66 million) in solar and wind power supply, and the development of critical dry utilities and smart energy infrastructure," the company said in a statement.
Under the arrangement, Tata Power's arm Tata Power Trading Company Ltd (TPTCL) will supply 10.8 MW of wind power to the airport with secured assets from Tata Power Renewable Energy Ltd (TPREL).
TPREL will also develop, operate, and maintain a 13 MW onsite solar power capacity to contribute to the airport's overall energy needs.
Tata Power CEO & MD Praveer Sinha said, This collaboration will support development of Net Zero Airports, catering to millions of Indians, accelerating the country's path towards a greener future." The first phase of Noida International Airport, featuring one runway and one terminal, will have the capacity to handle traffic of 12 million passengers annually.
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Upon completion of all four development phases, the airport will be able to cater to 70 million passengers per year.
Christoph Schnellmann, CEO, Noida International Airport, said, "By sourcing more than half of our energy needs from renewable sources, we are taking decisive action towards a more sustainable future. This agreement reflects our long-term vision for Noida International Airport to become a leader in environmentally conscious airport operations.