Tata Power, Bhutan's Druk Green Power Corp to develop 5,000 MW clean energy projects
The Hindu
Tata Power partners with Bhutan's DGPC to develop 5,000 MW clean energy capacity, strengthening regional clean energy sector.
Tata Power on Tuesday (November 19, 2024) said it has entered into a strategic partnership with Bhutan's Druk Green Power Corporation Ltd (DGPC) for the development of 5,000 MW of clean energy capacity in the Himalayan nation.
DGPC, is a subsidiary of Druk Holding and Investments Ltd, the sole generation utility of Bhutan.
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.
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 most preferred clean energy partner in the region. 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, Tata Power, said.
The Memorandum of Understanding (MoU) was signed at Thimphu between Dasho Chhewang Rinzin, MD – DGPC and Praveer Sinha, CEO & MD - Tata Power, in the presence of Prime Minister of Bhutan, Dasho Tshering Tobgay; Minister for Energy & Natural Resources, Lyonpo Gem Tshering; Chairman - Tata Sons, N Chandrasekaran; Ambassador of India to Bhutan, Sudhakar Dalela; and other senior officials from the Royal Government of Bhutan, Embassy of India, DGPC and Tata Power.
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