TPREL’s entry into the Nepal renewable energy market significantly boosts the country’s vision
Team News Riveting
New Delhi, September 21
Tata Power Renewable Energy Limited (TPREL), one of the country’s most significant renewable energy players has signed an agreement with Dugar Power Private Limited (Dugar Power), a subsidiary of Dugar Group which is a prominent business house in Nepal.
The tie up heralds TPREL’s strategic entry into Nepal’s rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal’s shift toward sustainable energy. TPREL is a subsidiary of The Tata Power Company Limited, one of India’s largest integrated power companies.
The alliance empowers Dugar Power to achieve a significant milestone in integrating cutting-edge
sustainable energy solutions within Nepal. The partnership is set to deploy transformative solar
technologies to produce a range of on and off-grid energy solutions.
Engineered for adaptability, the collaboration marks the inception of a long-term commitment to
energy sustainability in the region. The agreement is designed to cater to Nepal’s diverse energy
requirements, offering scalable solutions from 1 KW to MW levels. This opens up new horizons for
TPREL to diversify its offerings, including supply cells & modules, Engineering, Procurement and
Construction (EPC), as well as Operations and Maintenance (O&M) in Nepal.
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.”
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 is a leading player in the renewable energy sector, having
globally shipped over 3GW of cells and modules. The company has powered some of the biggest
industry and utility-scale international projects like 3.411 MWp in the Netherlands, and 3.376 MWp
in the USA, to name a few. Dugar Power complements this with its specialized expertise in Nepal’s
renewable energy landscape. Together, they form a synergistic alliance with the capability to
transform energy solutions in Nepal.
The partnership transcends conventional business collaborations; it is a visionary endeavour with
the strategic intent to reshape Nepal’s renewable energy sector. Both Tata Power Renewable
Energy Limited and Dugar Power Private Limited are strategically positioned to elevate Nepal’s
energy landscape to unparalleled heights.
