Hospitality major Indian Hotels Company (IHCL) has announced the signing of a 25-year solar power purchase agreement (PPA) with TP Kirnali Solar Limited, a wholly-owned subsidiary of Tata Power Company Limited.
Through this initiative, IHCL hotels in Mumbai will be able to reduce nearly 22.9 million kg of CO2 emissions annually, which translates to a carbon reduction equivalent of approximately 7,200 cars off the road.
“IHCL hotels in Mumbai, namely, The Taj Mahal Palace, Taj Lands End, and Taj Wellington Mews, will get approximately 60% energy from the green source and reduce nearly 22.9 million kg of CO2 emissions on an annual basis”—read a company statement.
“This agreement is valid for 25 years,” it added.
Speaking on the agreement, IHCL Managing Director and Chief Executive Officer 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 glad to collaborate with IHCL to reduce its 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 MD and CEO Praveer Sinha added.
Sustainability is a prerequisite to IHCL operations, and in the last four years, the company has increased its renewable energy mix from 7% to 25%.
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