IHCL Signs Solar PPA With Tata Power Subsidiary to Power its Mumbai Hotels

IHCL has joined hands with Tata Power for the supply of solar energy for its Mumbai hotels to focus on sustainable and cost-efficient business practices.

IHCL Solar Tata Power Mumbai Hotels

Hospitality major Indian Hotels Company Ltd (IHCL) has announced that it has joined hands with Tata Power for the supply of solar energy for its Mumbai hotels as part of a strategy to focus on sustainable and cost-efficient business practices. The company has signed a solar energy power purchase agreement (PPA) with TP Kirnali Solar, a wholly-owned subsidiary of Tata Power Company, IHCL said in a statement.

“IHCL hotels in Mumbai, namely The Taj Mahal Palace, Taj Lands End, and Taj Wellington Mews, will get approximately 60 percent energy from green sources and will reduce nearly 22.9 million kg of carbon dioxide emissions on an annual basis,” it added. This agreement is valid for a period of 25 years, the statement said.

“This initiative is in line with the company’s focus on adopting sustainable and cost-efficient business practices while leveraging group-wide synergies and competencies,” IHCL managing director and chief executive Puneet Chhatwal said. The company is pleased to collaborate with Tata Power, which is a leader in clean energy generation, he added.

The hospitality group has also announced that in the last four years, it has increased its renewable energy mix from 7 percent to 25 percent.

“We are glad to collaborate with IHCL to reduce their carbon footprint and reaffirm the Tata Group’s commitment to sustainability. Presently, the association is limited to IHCL properties in Mumbai and we look forward to working closely with them for covering all their facilities across India,” Tata Power managing director and CEO Praveer Sinha said.

In May, Tata Power had announced its substantial investment plan of expanding its network of smart electric vehicle (EV) charging points to around 700 by FY21. As part of the plan, the firm is looking at metro stations, shopping malls, theatres, highways, and hotels to install the EV charging points. The firm will be investing substantially to expand its network of smart EV charging points from around 170 now to over 700.

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Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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