A power purchase agreement was signed successfully between Tata Coffee Vietnam and
Shire Oak International.
From 10 am to 12 pm December 22nd, the power purchase agreement signing ceremony between Tata Coffee Vietnam and Shire Oak International was held at the Tata Coffee Vietnam’s production unit (VSIP2, Binh Duong province, Vietnam).
This ceremony marks the two partners’ great efforts in making the transition to renewable energy happen.
As part of this agreement, Shire Oak International will be the developer of the rooftop solar system on Tata Coffee Vietnam’s production unit. This 0.97 MWp system is expected to produce about 1,444,995.62 kilowatt-hours and reduce carbon emissions by 1,219.64 tonnes annually.
Mr. Raghu Narayanam, General Director of Tata Coffee Vietnam stated: “This cooperation will be the pioneering project in Vietnam market regarding the green energy position in our operations. We are expecting that such a system can help to reduce greenhouse gas emissions. From this beginning, we might expand the capacity in the future.”
Sustainability is one of Tata Coffee Vietnam’s primary core values and the environmental area has been their focus throughout the operation history. Tata Coffee Vietnam aims to play a leadership role in reducing climate change by being knowledgeable, responsive, and trustworthy and adopting environment-friendly technologies, business practices, and innovation.
Dr. Miguel A. Ferrer, Managing Director at Shire Oak International shared: “We highly appreciate Tata Coffee Vietnam’s commitment to preserving and enriching the environment. These initiatives align with Shire Oak International’s vision in accelerating the global transition to renewable energy solutions.”
At COP26, Prime Minister Pham Minh Chinh made a bold statement about Vietnam targets for net-zero emissions by 2050. Shire Oak International is proud that the cooperation with Tata Coffee Vietnam can contribute to tackling climate change and make the goals possible, Dr. Miguel added.
“Every company must hold its responsibilities to protect the environment. As a corporation taking green initiatives seriously, I request all companies to take actions to reduce greenhouse gas emissions,” Mr. Raghu Narayanam concluded.