Business Line reported that TATA Power is eyeing more hydro power projects in Bhutan.
Sources said that Mr Anil Sardana MD of TATA Power’s is expected to visit Bhutan this month where he would negotiate the finer print with the Bhutan Government.
Currently, TATA Power has a JV with Druk Power, an entity of the Royal Government of Bhutan, under which it is implementing a 126 MW from Dagachhu Hydro Project. The project is at an advanced stage of implementation.
A TATA Power spokesperson said that the development.
He said that “The company is also looking at other opportunities to work in Bhutan and has always been keen due to good and healthy association with Bhutan Government. TATA Power is keen to explore all possibilities as may be forthcoming in Bhutan.”
Earlier this year, the INR 25,083 crore worth TATA Power sought Ministry of Power approval for setting up hydel projects in Bhutan.
The source however, said that government has not responded to TATA Power’s proposal.
Source added that “But after reading the finer points, it came to light that the embargo is only for 12,906 MW that both the Governments are setting up based on bilateral agreements.”
Currently, in Bhutan 1,416 MW capacity is operational; 2,940 MW is under construction; detailed project report has been prepared for 6,750 MW and agreements have been signed for another 1,800 MW project.
Meanwhile, all these projects are being set up under Indo-Bhutan Cooperation route.