Tata Power and SN Power partners to jointly develop Hydropower Projects in India and Nepal

摘要

Tata Power, India's largest integrated private power utility, and SN Power, Norway's fast-growing international renewable energy company, signed a partnership agreement to develop joint hydropower projects in India and Nepal. This is the first time that Tata Power has entered into an exclusive partnership with another hydropower company. The partners aim to have 2,000 MW under construction or in operation by 2015, and a total of 4,000 MW by 2020. Tata Power and SN Power have already begun pursuing potential project opportunities based on the vast reserves of renewable energy in the Himalayas. The business model for the exclusive partnership is to develop hydropower projects that will meet the increasing energy demand in India and Nepal through the provision of clean energy.