APM Terminals (APMT) Mumbai has signed an agreement with O2 Power to setup a captive solar power plant in an attempt to reduce its carbon footprint.
The plant has a capacity to generate 22 million kilowatts hour (kWh) of electricity annually and is expected to meet 80 per cent of terminal’s electricity requirements and reduce its carbon footprint by 44 per cent.
Sunay Mukerjee, COO of GTI, said: “I am delighted to ink this power purchase agreement with O2 Power. By signing this agreement, we reaffirm our commitment to the environment and community. The power agreement marks a significant step forward in our decarbonisation journey.”
Parag Sharma, CEO and Founder of O2 Power, said: “Partnering with GTI, part of APM Terminals, one of the biggest terminal companies in the globe, is a significant addition to our C&I portfolio.
“This intra-state open access structure, which allows us to supply captive power to GTI from our solar plants in Maharashtra, will empower the terminal to transform their supply-chain operations and turn them green and sustainable.
“At O2 Power, we are committed to furthering our country’s Green Ports’ ambition and will continue to help organisations with our tailormade green-energy solutions which meet the end-to-end requirements of the maritime industry.”