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Tata Power to Invest Rs. 5.50bn in Renewables for NIA

Tata Power will invest Rs. 5.50 billion to establish solar and wind power facilities, along with necessary infrastructure, to provide clean energy to the upcoming Noida International Airport (NIA), according to a recent statement.

 

The company has signed two power purchase agreements to support NIA’s energy needs with renewable sources. Under the agreement, Tata Power Trading Company Ltd (TPTCL), a Tata Power subsidiary, will deliver 10.8 MW of wind energy to the airport, utilizing assets secured by Tata Power Renewable Energy Ltd (TPREL).

 

Additionally, TPREL will develop, operate, and maintain a 13 MW onsite solar power facility to further support the airport’s electricity requirements. Praveer Sinha, CEO & MD of Tata Power, remarked, “This partnership supports the development of Net Zero Airports, serving millions and contributing to India’s progress toward a sustainable future.”

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