Tata Power Secures INR 550 Cr Contract to Supply Solar and Wind Power to Noida International Airport
Tata Power Company has secured a contract worth INR 550 crore to supply renewable energy and manage essential dry utility infrastructure for Noida International Airport, including a 13 MW onsite solar project and a 10.8 MW offsite wind project.
November 07, 2024. By Mrinmoy Dey
The contract includes the supply of solar and wind power to Noida International Airport, aiming to meet the majority of the airport’s energy requirements through renewable sources. This includes the development, operation, and maintenance of a 13 MW onsite solar project by Tata Power Renewable Energy Ltd. (TPREL) and a 10.8 MW offsite wind power project through a Power Purchase Agreement facilitated by Tata Power Trading Company Ltd. (TPTCL).
The Tata Power Company Ltd. (Tata Power) will also develop, operate and maintain essential dry utilities (electrical infrastructure) for a period of 25 years.
“Yamuna International Airport Pvt. Ltd. (YIAPL), a wholly-owned subsidiary of Zurich Airport International AG, developed in close partnership with the Government of Uttar Pradesh and the Government of India, has selected The Tata Power Company Ltd. (Tata Power) to meet a substantial portion of the Noida International Airport's (NIA) energy requirements through renewable sources. Additionally, YIAPL has engaged Tata Power for the development of dry utilities (electrical infrastructure) for the airport and its operation and maintenance for a 25-year term,” shared Tata Power in a regulatory filing.
The size of the contract is about INR 550 crore for the development of dry utilities (electrical infrastructure) and renewable projects. Initial renewable energy project setup is expected within 6 months, followed by 25 years of ongoing operation and maintenance.
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