TATA Power and SN Power Consortium wins bid for 236 MW Dugar hydropower project in Himachal Pradesh
The mountains in the Himachal Pradesh region.
Oslo, 14 April 2011: 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 and would potentially entail an investment of about Rs 2500 Crores.
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 by 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 of height of 93 metres 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 organizations which are leaders 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 water 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 a exploratory license.
Tata Power with generation capabilities in Hydro, Thermal, Solar and Wind energy has nearly 3000 MW 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 River is 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 SN Power
SN Power is a hydropower development company, operating exclusively in emerging markets. The company is a joint venture between Statkraft and Norfund and has projects and operations in Asia, Latin America and Africa. SN Power is working to develop a portfolio in the range of 2500 MW of hydropower plants by 2015, while combating climate change and contributing to sustainable development. SN Power has over 5.000 people employed in twelve countries around the globe. It headquarter is in Oslo, Norway. As of December 2010, SN Power reported US$1.7 billion in total assets and US$1.3 billion in equity on a consolidated basis.
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.
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