Tata Power Renewable Energy Limited (TPREL), a leading player in India’s renewable energy sector, has inked an agreement with Dugar Power Private Limited (Dugar Power), a subsidiary of Nepal’s esteemed business conglomerate, Dugar Group.
This collaboration marks a strategic move by TPREL into Nepal’s rapidly evolving renewable energy sector. It not only symbolizes a significant step but also promises to catalyze Nepal’s transition towards sustainable energy solutions. TPREL operates under the umbrella of The Tata Power Company Limited, one of India’s largest integrated power companies.
The partnership holds the potential to empower Dugar Power in the integration of advanced sustainable energy solutions within Nepal. By leveraging transformative solar technologies, this alliance aims to generate a diverse range of on and off-grid energy solutions. With adaptability at its core, this collaboration signifies a long-term commitment to fostering energy sustainability in the region.
The agreement also addresses Nepal’s diverse energy needs comprehensively. It offers scalable solutions ranging from 1 KW to MW levels. This strategic initiative opens up new avenues for TPREL, enabling the diversification of its portfolio to include the supply of cells & modules, Engineering, Procurement and Construction (EPC) services, as well as Operations and Maintenance (O&M) solutions in Nepal.
Mr. Ashish Khanna, CEO of Tata Power Renewable Energy Limited., said, “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.”
Mr. Abhishek Dugar, MD of Dugar Power Private Limited, commented, “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.”
Tata Power Renewable Energy Limited stands as a prominent figure in the global renewable energy sector, having delivered over 3GW of cells and modules worldwide. The company’s impressive portfolio includes substantial contributions to major international projects, such as 3.411 MWp in the Netherlands and 3.376 MWp in the USA, among others. Dugar Power, on the other hand, brings specialized expertise tailored to Nepal’s unique renewable energy landscape.
Both Tata Power Renewable Energy Limited and Dugar Power Private Limited are strategically positioned to elevate Nepal’s energy landscape to unprecedented heights.