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Tata Power Co. Ltd — Capital/Financing Update 2024
Nov 7, 2024
60774_rns_2024-11-07_318fe0f6-b366-4ba5-a678-a96878a376c9.pdf
Capital/Financing Update
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November 7, 2024
BSE Limited Corporate Relationship Department 1st Floor, New Trading Ring, Rotunda Bldg., P. J. Towers, Dalal Street, Fort, Mumbai 400 001. Scrip Code: 500400
National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Symbol: TATAPOWER
Dear Sir/Madam,
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Yamuna International Airport Private Limited (YIAPL), a wholly-owned subsidiary of Zurich Airport International AG, developed in close partnership with the Government of Uttar Pradesh and the Government of India, has selected The Tata Power Company Limited (Tata Power) to meet a substantial portion of the Noida International Airport's (NIA) energy requirements through renewable sources. Additionally, YIAPL has engaged Tata Power for the development of dry utilities (electrical infrastructure) for the airport and its operation and maintenance for a 25-year term.
The details pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (‘SEBI Circular’) are as follows:
| Sl. No. |
Particulars | Description |
|---|---|---|
| 1. | Name of the entity awarding the order(s) / contract(s); |
Yamuna International Airport Private Limited (YIAPL). |
| 2. | Significant terms and conditions of order(s)/contract(s) awarded in brief; |
The contract includes the supply of solar and wind power to Noida International Airport, aiming to meet majority of the airport’s energy requirements through renewable sources. This includes the development, operation, and maintenance of a 13 MW onsite solar project by Tata Power Renewable Energy Limited (TPREL) and a 10.8 MW offsite wind power project through a Power Purchase Agreement facilitated by Tata Power Trading Company Limited (TPTCL). The Tata Power Company Limited (Tata Power) will also develop, operate and maintain essential Dry utilities (Electrical infrastructure) for a period of 25 years. |
| 3. | Whether order(s) / contract(s) have been awarded by domestic/internationalentity; |
Domestic Entity |
| 4. | Nature of order(s) / contract(s); | Long-term renewable energy supply and infrastructure development contract for airport operations, inclusive of renewable power and dry utilityinfrastructure. |
| 5. | Whether Domestic or International | Domestic |
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| 6. | Time period by which the order(s)/contract(s) is to be executed; |
Initial renewable energy project setup is expected within 6 months, followed by 25 years ofongoing operationandmaintenance. |
|---|---|---|
| 7. | Broad consideration or size of the order(s)/contract(s); |
Approximately ₹550 crore (~$66 million) for Development of Dry Utilities (Electrical Infrastructure) and Renewable projects |
| 8. | Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; |
Not Applicable |
| 9. | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arm’s length”. |
Not Applicable |
The above information is being made available on the website of the Company: www.tatapower.com.
This is for your information and records.
Yours Sincerely, For The Tata Power Company Limited VISPI Digitally signed by VISPI SAROSH SAROSH PATEL PATEL Date: 2024.11.07 12:53:15 +05'30'
Vispi S. Patel Company Secretary FCS 7021
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