Tata Power Company Ltd.

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Tata Power combine bags Rs 2,300-cr hydro project

Date: 07-04-2011

Tata Power in consortium with SN Power Norway has bagged the “Dugar Hydro Electric Project” in Chenab Valley, Himachal Pradesh.  The 236-MW project is estimated to cost about Rs 2,300 crore. Tata Power and SN Power entered into an exclusive partnership in 2009 to develop hydropower projects in India and Nepal. The Dugar project will be developed by a special purpose vehicle and the pre-implementation agreement will be signed with the Directorate of Energy, Himachal Pradesh. A detailed exploration and design study will be undertaken to finalise implementation.

The Tata Power-SN Power consortium is also working on developing the 880 MW Tamakoshi 3 Project in Nepal for which they have an exploratory licence. Tata Power has over 3,000 MW through hydro, thermal, solar and wind energy with an additional 5,500 MW in construction.  It currently has 447 MW of operational hydro power in Maharashtra, which feeds power to Mumbai and about 114 MW from Dagachhu Hydro Project under construction in Bhutan in joint venture with Druk Green Power Company, Bhutan.crackcrack