The Indian Hotels Company (IHCL) signed a solar energy Power Purchase Agreement (PPA) with a subsidiary of the Tata Power Company Limited, the TP Kirnali Solar Limited.
The Managing Director and Chief Executive Officer of IHCL, Puneet Chhatwal, 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.”
The aim of the Solar Energy Power Purchase Agreement
The IHCL hotels situated in Mumbai, include The Taj Mahal Palace, Taj Lands End, and Taj Wellington Mews, will be provided with 60 percent of energy from Green Source approximately and would reduce 22.9 million kg of CO2 emissions on an annual basis which means a carbon reduction equivalent to approximately 7,200 cars off the road. The agreement made is valid for 25 years and it further improves the Tata Group’s firm commitment towards conserving natural resources for the next generations.
The Managing Director and Chief Executive Officer of Tata Power, Praveer Sinha, stated: “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.”
In the last four years, sustainability is a prerequisite to the IHCL operations as the company has increased its renewable energy mix to 25 percent from seven percent. Recently, IHCL set a global benchmark in hospitality for environmental sustainability by setting a record as 78 of its hotels were awarded the EarthCheck Platinum, Gold and Silver certifications.