India’s Tata Power Company Limited has entered into a strategic partnership with Bhutan-based Druk Green Power Corporation Limited (DGPC) to develop at least 5,000 MW of clean energy generation capacity in Bhutan.
A subsidiary of Druk Holding and Investments Ltd., Bhutan’s government-owned holding company, DGPC makes investments in a variety of industries, including communication, manufacturing, energy, natural resources, and financial services.
“We are building 5,000 MW of clean energy capacity that will harness Bhutan’s hydropower potential and support the growing energy needs of both countries,” Praveer Sinha, CEO & Managing Director of The Tata Power Company Limited, said in a statement.
Through the joint venture, Bhutan’s total power generation capacity will reach 25,000 MW by 2040. Currently, the power generation capacity is 2,300 MW. The project is not limited to hydropower but will also include solar and geothermal energy.
This strategic partnership signifies Tata Power’s preeminence as the most preferred clean energy partner not only in India but also as a regional leader. This partnership will help unleash Bhutanโs great potential for hydropower and its important role in ensuring energy security in the region.
“This strategic partnership signifies Tata Power’s preeminence as the most preferred clean energy partner not only in India but also as a regional leader. This partnership will help unleash Bhutanโs great potential for hydropower and its important role in ensuring energy security in the region,” TATA Power said.
4,500 MW of hydropower, including the 1,125 MW Dorjilung hydroelectric project, the 740 MW Gongri Reservoir, the 1,800 MW Jeri pumped storage project, and the 364 MW Chamkharchhu IV, are set to be developed through the partnership. Tata Power’s subsidiary Tata Power Renewable Energy Ltd (TPREL) will develop an additional 500 MW of solar projects.
The Tata Power subsidiary Tata Power Renewable Energy Limited (TPREL) will develop an additional 500 MW of solar projects. Tata Power recently paid Nu/INR โน8.30 billion for a 40% stake in the 600 MW Khorlochhu Hydroelectric Project, to which over Nu/INR โน69 billion will be invested in its development, as a prelude to this partnership.
Together, the two companies created the first public-private partnership in Bhutan’s hydropower industry, the 126 MW Dagchu Hydropower Plant. From there, since 2008, Tata Power has had a long-standing relationship with the DGPC of Bhutan.
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Information: Tata power
