Tata Power, India's largest integrated private power company today announced that the consortium comprising of Tata Power and SN Power Norway has bagged the “Dugar Hydro Electric Project” in Chenab Valley in Himachal Pradesh, India. Tata Power and SN Power, Norway entered into an exclusive partnership in 2009 to develop hydropower projects to meet the increasing energy demand in India and Nepal through the provision of clean energy.
The capacity for Dugar Hydro Electric Project” is estimated to be approximately 236 MW.
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 finalize the project implementation. The Pre-implementation Agreement will be signed with the Directorate of Energy, Govt. of Himachal Pradesh shortly.
The run of the river “Dugar Hydro Electric Project” will primarily feed the Northern grid. It is the last project in cascade in Himachal Pradesh on the river Chandrabhaga (Chenab) and envisages a dam height of 93 meters with an underground cavern type powerhouse at its base.
Speaking on the occasion, Anil Sardana, Managing Director, Tata Power 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 organizations which are leading performers in their field.”
Adding further SN Power’s Chief Executive Officer Mr. Tor Stokke said “We are delighted with this win. Our partnership with Tata Power allows us to combine our extensive hydropower 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 23,000 MW. About 6,672 MW 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 “880 MW Tamakoshi 3 Project” in Nepal for which they have an exploratory license.
Tata Power with generation capabilities in Hydro, Thermal, Solar and Wind energy has nearly 3000 MW plus, already in operation, with an additional 5500 MW in construction. Tata Power currently has about 447 MW of operational Hydro Power capacity in Maharashtra, which feeds clean power to the island city of Mumbai and about 114 MW from Dagachhu Hydro Project under construction in Bhutan in JV with Druk Green Power Company, Royal Government of Bhutan.
About Chenab River:
Chenab Riveris the largest river of Himachal Pradesh in terms of volume of water. Two streams namely Chandra and Bhaga rise on the opposite sides of the Baralacha pass at an elevation of 4,891 metres and meet at Tandi at an elevation of 2,286 metres to form the river Chenab. The Chenab rises from the South-East and Bhaga from the North-West of the Baralacha pass. It enters Pangi valley of Chamba district near Bhujind to enter Podar valley of Kashmir. It flows for 122 km Himachal Pradesh.
About Tata Power:
Tata Power is India's largest private sector power utility with an installed generation capacity of over 2900 MW and a presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. The Company has successful public-private partnerships in Generation, Transmission and Distribution - "North Delhi Power Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. It has acquired 30% stake in Coal Companies at Indonesia and is developing the first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With its track record of technology leadership, customer care and redefining contours of the Indian power sector, Tata Power is poised for a five-fold growth and committed to 'lighting up lives' for generations to come.
About SN Power
SN Power is a growing international renewable energy company with hydropower projects and operations in Asia, Africa and Latin America. Headquartered in Oslo, Norway, SN Power draws on the industrial and financial experience and strengths of its joint Norwegian owners Statkraft, a European leader in renewable energy and Norfund (Norwegian Investment Fund for developing countries). SN Power’s objective is to develop, invest in and operate hydropower assets in selected markets including the Sub-Himalayan Region. SN Power has a total generation capacity of about 950 MW in operation and under construction, and a project pipeline of 1800 MW. In India, the company is present through its investment in Malana Power Company, which owns the operating 86 MW Malana plant and 192 MW Allain Duhangan hydropower project.. SN Power has established a subsidiary office in Noida, India, to support the company’s business in the country. In Nepal, SN Power is majority owner in Himal Power Limited (HPL) operating the 60 MW Khimti hydropower plant and is presently developing the 880 MW Tamakoshi 3 project. SN Power’s assets in Malana Power Company and HPL will not be included in the cooperation with Tata.