Tata Power Partners with Druk Green to Develop 4500 MW Hydro and 500 MW Solar Projects in Bhutan
Tata Power has partnered with Bhutan's Druk Green Power Corporation to develop 5,000 MW of clean energy, including 4500 MW of hydropower and 500 MW of solar power supporting Bhutan's vision to expand its energy capacity to 25,000 MW by 2040.
November 20, 2024. By Mrinmoy Dey
This is in keeping with Bhutan’s vision for its energy sector which is to take its overall generation capacity to 25,000 MW by 2040 for its energy security and regional energy integration. Bhutan plans to achieve this target through diversification in its energy portfolio beyond traditional hydropower, which would include solar and geothermal energy. This will extend to diversifying project structuring and financing through such strategic partnerships.
The Memorandum of Understanding (MoU) was signed today at Thimphu in Bhutan between Dasho Chhewang Rinzin, MD, DGPC and Dr. Praveer Sinha, CEO and MD, Tata Power, in the presence of the Prime Minister of Bhutan, Dasho Tshering Tobgay; Minister for Energy and 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.
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; 740 MW Gongri Reservoir; 1,800 MW Jeri Pumped Storage; and 364 MW Chamkharchhu IV will be developed in phases together. Another 500 MW of solar projects will be developed by Tata Power Renewable Energy Ltd. (TPREL), a subsidiary of Tata Power.
As a precursor to this collaboration, Tata Power recently acquired a 40 percent stake for Nu/INR 8.30 billion in the 600 MW Khorlochhu Hydroelectric Project where an investment of over Nu/INR 69 billion will be made to develop the project.
Tata Power has had a long-standing relationship with DGPC since 2008 when the two companies joined forces to successfully develop the 126 MW Dagachhu Hydropower Plant as the first Public Private Partnership in Bhutan’s hydropower sector. Tata Power also has a transmission project of a 1,200 km long Tala transmission line that evacuates clean power from Bhutan to India.
Dr. Praveer Sinha, CEO and MD, Tata Power, said, “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."
Dasho Chhewang Rinzin, MD, DGPC said, “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. Bhutan places a lot of confidence in Tata Power and the partnership to deliver on these expectations.”
With Bhutan's economy projected to grow by 7.2 percent in FY25, the country's energy requirements are bound to increase. Largely driven by hydropower—a vital part of Bhutan's economy, capitalizing on this national asset will ensure that its growing power demands are met while also ensuring economic benefits including green job creation and infrastructure development.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix