Tata Power to Invest Rs 550 Cr in Solar, Wind Energy for Noida International Airport

New Delhi: Tata Power will invest Rs 550 crore to develop solar and wind power capacities and related infrastructure to supply clean energy to ida International Airport (NIA), a statement said.

Tata Power has signed two power purchase agreements with upcoming ida International Airport project in Uttar Presh.

"Tata Power has entered into a strategic partnership for RE integration with ida International Airport (NIA). Tata Power will invest Rs 550 crore (USD 66 million) in solar and wind power supply, and development of critical dry utilities and smart energy infrastructure," company said in a statement.

Wind and Solar Power Contributions to Airport’s Energy Needs

Under arrangement, Tata Power's arm Tata Power Tring Company Ltd (TPTCL) will supply 10.8 MW of wind power to 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 airport’s overall energy needs.

Tata Power’s Commitment to a Greener Future

Tata Power CEO & MD Praveer Sinha said, “This collaboration will support development of Net Zero Airports, catering to millions of Indians, accelerating country's path towards a greener future." first phase of ida International Airport, featuring one runway and one terminal, will have capacity to handle traffic of 12 million passengers annually.

Upon completion of all four development phases, airport will be able to cater to 70 million passengers per year.

ida International Airport’s Vision for Sustainability

Christoph Schnellmann, CEO, ida 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 ida International Airport to become a leer in environmentally conscious airport operations."