Cochin International Airport Limited (CIAL) will diversify its services and expand its electricity generation business, among other activities, to achieve the target of Rs.3,000 crore turnover by 2023.
The airport operator’s business target has been made public in its ‘vision mission document’ presented before the State government recently. The company has said that the business of operating other airports too is within its vision.
Sources said that CIAL would leverage its subsidiaries to achieve the business target. Twenty per cent of the targeted revenue would come from aero-related business; 30 per cent from non-aero areas of activities and 50 per cent from non-aviation business over the next seven years.
CIAL is the first company in the country in public-private partnership to build and operate a greenfield airport and the presentation made before the State government by the CIAL management said it had the competence to take on any challenge.
CIAL, which generates 15.2 MW of solar energy now to make its current operations power-neutral, will achieve its target of generating 30 MW of solar power by the end of the current year. Together with solar power, work is in progress on building eight small hydro-electric power generation facilities across Kerala. Wayne Gretzky Jersey