Tata Power, today said that the consortium comprising itself and SN Power Norway has bagged the Duger Hydro Electric Project in the Chenab valley in Himachal Pradesh.
Tata group company, Tata Power, today said that the consortium comprising itself and SN Power Norway has bagged the Duger Hydro Electric Project in the Chenab valley in Himachal Pradesh.
The capacity of the project is estimated to be around 236mw, it said in a press release issued here. Tata Power and SN Power Norway entered into an exclusive partnership in 2009 to develop hydro-power projects to meet the increasing demand in India and Nepal through the provision of clean energy.
The Dugar Hydro Electric Project will be developed through a special purpose vehicle (SPV) being formed and owned by the consortium. A detailed exploration and design study will be undertaken to plan and finalise the projet implementation. The pre-implementation agreement will be signed with the Directorate of Energy, Himachal Pradesh government, shortly, the release said.
The run of the river project will primarily feed the northern grid. Tata Power's managing director, Anil Sardana,said "this project further contributes to our clean fuel portfolio and reinforces our sustainability agenda. Our association with SN Power has been fruitful and rewarding and is in line with our growth strategy to build global relationships and partnerships with the organisations which are leading performers in their field."
SN Power's chief executive officer, Tor Stokke, said "we are delighted with this win. Our partnership with Tata Power allows us to combine our extensive hydro-power competence while drawing on our common approach to social and environmental sustainability and ethical business conduct."
Himachal Pradesh has abundant hydro resources with a power potential of about 23,000mw. About 6,672mw have been harnessed till now by the central and state governments, private players and joint venture companies.
Apart from this win in Himachal Pradesh, the consortium of Tata Power-SN Power is working on developing the 880mw Tamakoshi 3 Project in Nepal for which they have an exploratory licence.
Tata Power with generation capabilities in hydro, thermal, solar and wind energy has nearly 3,000mw plus,already in operation, with an additional 5,500mw inconstruction.
The Tata group company presently has about 447mw of operational hydro-power capacity in Maharashtra, which feeds clean power to Mumbai and about 114mw from Dagachhu Hydro Project under construction in Bhutan in a JV with Druk Green Power Company, royal government of Bhutan.
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