Tata Power signs deal with Bhutan's firm for 5,000 MW clean energy projects

Tata Power has partnered strategically with Bhutan's Druk Green Power Corporation Ltd (DGPC) to develop 5,000 MW of clean energy capacity in the Himalayan nation. DGPC is a subsidiary of Druk Holding and Investments Ltd, Bhutan's sole generation utility.

The collaboration marks the largest partnership between two of the leading power companies of the two nations in Asia's clean energy sector, Tata Power said in a statement.

Through the collaboration, at least 5,000 MW of renewable energy projects; including 4,500 MW of hydropower comprising the 1,125 MW Dorjilung HEP (hydro-electric project); 740 MW Gongri Reservoir; 1,800 MW Jeri Pumped Storage; and 364 MW Chamkharchhu IV will be developed in phases, the statement said.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : CONCOR signs MoU with Gati Shakti Vishwavidyalaya, Vadodara

Another 500 MW of solar projects will be developed by Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power. "Tata Power's partnership with Druk Green Power Corporation reinforces our credentials as the region's most preferred clean energy partner.

Together, we are building 5000 MW of clean energy capacity that will help harness Bhutan's hydropower potential and support both countries' growing energy demands with reliable and round-the-clock clean energy supply. Together we are shaping a new energy era," Praveer Sinha, CEO & MD, of Tata Power, said.

Read Also : NMDC Swarojgar Yojana Sparks Self-Employment Revolution in Kondagaon, Chhattisgarh

As a precursor to this collaboration, Tata Power recently acquired a 40 per cent stake in the 600 MW Khorlochhu Hydroelectric Project.

"This strategic partnership with Tata Power is in keeping with Bhutan's aspirations to maximize benefits to the people of Bhutan through fast-tracking the harnessing of its huge renewable energy resources for its economic development and long-term energy security," Dasho Chhewang Rinzin, MD, DGPC said.

Read Also : MRPL Outshines Bright with Four Excellence Awards