Powerful Partnership: Tata Power and DGPC Unite for Bhutan's Clean Energy Future
Tata Power partners with Bhutan's Druk Green Power Corporation Ltd to develop 5,000 MW clean energy capacity, marking the largest collaboration in Asia's clean energy sector. This includes hydropower and solar projects, reinforcing Bhutan's energy security and meeting increasing demands. The MoU was signed in Thimphu with key dignitaries present.
- Country:
- India
In a momentous stride towards clean energy cooperation, Tata Power has announced its strategic alliance with Bhutan's Druk Green Power Corporation Ltd (DGPC) for the development of 5,000 MW of renewable energy capacity. The collaboration represents the largest partnership to date between major power players from the two nations in Asia's burgeoning clean energy landscape.
This ambitious project will see the realization of at least 5,000 MW of renewable energy, including hydropower projects like the 1,125 MW Dorjilung HEP, the 740 MW Gongri Reservoir, and others, along with 500 MW of solar power. These ventures aim to utilize Bhutan's untapped hydropower potential to meet both countries' escalating energy needs.
At the signing event held in Thimphu, prominent government, and business leaders, including Bhutan's Prime Minister Dasho Tshering Tobgay, witnessed the Memorandum of Understanding (MoU). This partnership aligns with Bhutan's ambitions to hasten the development of its renewable resources, ensuring energy security and economic advancement for future generations.
(With inputs from agencies.)