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Tata Power Company has entered into a strategic partnership for RE integration with Noida International Airport (NIA). Tata Power will invest Rs 550 crore ($66 million) in solar and wind power supply, and the development of critical dry utilities and smart energy infrastructure.
Under the arrangement, Tata Power's arm Tata Power Trading Company (TPTCL) will supply 10.8 MW of wind power to the airport with secured assets from Tata Power Renewable Energy (TPREL). TPREL will also develop, operate, and maintain a 13 MW onsite solar power capacity to contribute to the airport's overall energy needs.
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. Upon completion of all four development phases, the airport will be able to cater to 70 million passengers per year.
Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.