Indian Oil Skytanking Ltd to set up ATF infrastructure at Noida international airport

• Under this agreement, IOSL will build facilities which will include fuel-storage tanks with an inbuilt flexibility to increase the capacity rapidly as per air traffic demand
• Noida International Airport said that the infrastructure will help it in providing ATF cost-efficiently and under an open access model to its airline partners

New Delhi: Noida International Airport has awarded a 30-year concession to design, build, and operate aviation turbine fuel (ATF) infrastructure, including multi-user fuel farm and hydrant system for the airport, to Indian Oil Skytanking Ltd (IOSL). In an official statement, Noida International Airport said that the infrastructure will help it in providing ATF cost-efficiently and under an open access model to its airline partners. 

Indian Oil Skytanking Ltd to build flexible fuel storage tanks

"Under this agreement, IOSL will build facilities which will include '10,000 m3' of fuel-storage tanks with an inbuilt flexibility to increase the capacity rapidly as per air traffic demand and support by an underground hydrant system connecting all aircraft stands, remote and contact, with fuel pipelines, thereby enhancing safety of the airside," Noida International Airport said in a statement.

"Keeping to Noida International Airport's promise of building an environmentally conscious airport ecosystem and India's first truly digital airport, IOSL will be able to accommodate sustainable aviation fuel (SAF) and manage movements via a digital command and control centre," it added.

Noida international airport

According to Christoph Schnellmann, Chief Executive Officer (CEO) of Yamuna International Airport (YIAPL), the fuel farm will provide for sustainable aviation fuel. YIAPL is a 100 percent subsidiary of Zurich Airport International AG, which has been incorporated as a 'Special Purpose Vehicle' (SPV) to develop the greenfield Noida International Airport. The state government of Uttar Pradesh has signed the concession agreement with YIAPL to develop Noida International Airport (NIA) at Jewar.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)