IHCL joins hands with Tata Power for solar energy for Mumbai hotels
By EPR Magazine Editorial September 3, 2020 12:10 pm IST
By EPR Magazine Editorial September 3, 2020 12:10 pm IST
Indian Hotels Company (IHCL), South Asia’s largest hospitality company, announced the signing of a solar energy Power Purchase Agreement (PPA) with TP Kirnali Solar Limited, a wholly-owned subsidiary of Tata Power. IHCL hotels in Mumbai, namely The Taj Mahal Palace, Taj Lands End and Taj Wellington Mews, will get approximately 60 percent energy from Green Source and will reduce nearly 22.9 million kg of CO2 emissions on an annual basis. This agreement is valid for a period of 25 years.
Speaking on the agreement, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “Innovation has always been integral to our philosophy at IHCL. 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. We are pleased to collaborate with Tata Power, which is a leader in clean energy generation.”
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