Tata Power Trading Company Limited, a wholly-owned subsidiary of Tata Power, has announced a collaboration with Singapore-headquartered Keppel to launch sustainable Cooling-as-a-Service (CaaS) solutions in India. This partnership aims to provide energy-efficient space cooling solutions for businesses and building owners, enabling them to subscribe to long-term services without significant upfront infrastructure investments, thereby achieving substantial energy and cost savings.
The initiative aligns with India’s Cooling Action Plan (ICAP) and the Smart Cities Mission, focusing on deploying both large-scale District Cooling Systems (DCS) and individual building systems. The collaboration will target high-demand environments such as airports, IT parks, Special Economic Zones, data centers, and various commercial and industrial properties, where DCS can reduce energy consumption by up to 40% and cut carbon emissions by as much as 50%.
Tata Power, recognized for its extensive infrastructure and understanding of the Indian market, will provide comprehensive energy solutions, including power supply, energy management services, e-mobility, solar PV/wind, and carbon offsets. Meanwhile, Keppel will leverage its expertise in designing and operating CaaS solutions across Asia, drawing on its experience as a leading DCS provider in Singapore, which boasts a cooling portfolio of over 260,000 refrigeration tonnes.
Mr. Tarun Katiyar, CEO of Tata Power Trading Company Ltd., emphasized the collaboration as a milestone in transforming India’s energy landscape. “By supporting the India Cooling Action Plan and the Smart Cities Mission, we are paving the way for innovative Cooling-as-a-Service solutions that foster energy-efficient ecosystems across urban and energy-intensive hubs,” he stated.
Mr. Poh Tiong Keng, Executive Director of Emerging Markets, EaaS, Infrastructure at Keppel, expressed enthusiasm for the partnership, highlighting the potential of CaaS in transforming India’s cooling landscape and supporting the country’s Net Zero targets. He noted that conventional cooling systems can account for up to 50% of a building’s energy usage, reinforcing the need for innovative solutions.
As India is projected to become the world’s largest consumer of space cooling by 2050, accounting for 28% of total electricity demand and 45% of peak load, the introduction of CaaS is poised to play a critical role in advancing the nation’s sustainability goals.
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