Tata Power Renewable, Dugar Power ink deal for Nepal’s renewable energy push
In a move signalling a paradigm shift in Nepal’s energy landscape, Tata Power Renewable Energy Limited (TPREL), a key subsidiary of The Tata Power Company Limited—one of India’s major integrated power giants—has formalized an agreement with Nepal’s Dugar Power Private Limited, an offshoot of the renowned Dugar Group. This collaboration paves the way for TPREL to make a significant mark in Nepal’s burgeoning renewable energy domain and offers promise for a more sustainable energy future for the nation.
A Leap in Sustainable Energy Solutions for Nepal
Rooted in long-term commitment and flexibility, this joint venture is set to revolutionise the region’s approach to energy sustainability. By delivering a spectrum of scalable energy solutions—ranging from 1 KW to multi-megawatt levels—it empowers both entities to address Nepal’s multifaceted energy needs. Moreover, TPREL is poised to expand its suite of offerings in Nepal, encompassing facets such as supply cells & modules, and comprehensive services like Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M).
Ashish Khanna, CEO of Tata Power Renewable Energy Limited, conveyed his perspective, saying, “This partnership with Dugar Power is a strategic alliance engineered to redefine Nepal’s energy landscape. As we make our entry into Nepal’s promising renewable energy market, we intend to generate a transformative impact. With the combined expertise and resources of both companies, we are optimistic that this tie up will create an enabling ecosystem for sustainable energy transition in the region.”
Echoing the sentiment, Abhishek Dugar, MD of Dugar Power Private Limited, remarked, “Our alliance with Tata Power Renewable Energy Limited is a strategic alignment in achieving Nepal’s long-term objectives for renewable energy and energy self-sufficiency. Our collective aim transcends commercial interests; we are committed to ensuring that clean energy reaches every corner of Nepal. This partnership is a testament to our unwavering commitment to propel Nepal toward a sustainable energy future.”
TPREL and Dugar Power: An Alliance of Pioneers
Boasting a commendable track record, Tata Power Renewable Energy Limited stands out in the renewable energy sector, having globally shipped over 3GW of cells and modules. It’s responsible for energising significant international projects such as 3.411 MWp in the Netherlands and 3.376 MWp in the USA. Dugar Power, with its rich expertise in Nepal’s renewable energy arena, complements this prowess perfectly. The combined strengths of these two giants herald a transformative era for Nepal’s renewable energy ambitions.
In essence, this collaboration between Tata Power Renewable Energy Limited and Dugar Power Pvt. Ltd. is much more than a conventional business partnership; it’s a forward-looking mission with a strategic focus on uplifting Nepal’s renewable energy framework to new summits.