KATHMANDU, SEPTEMBER 21
Tata Power Renewable Energy Ltd. (TPREL), a frontrunner in renewable energy space has joined hands with Dugar Power Private Limited, a subsidiary of Dugar Group which is a prominent business house in Nepal.
This 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, the statement isssued by the Dugar Power on Thursday said.
TPREL is a subsidiary of Tata Power, one of India's largest integrated power companies.
"This 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, this 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 1KW 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, the statement added.
Ashish Khanna, CEO of Tata Power Renewable Energy Ltd., 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.
"This 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 Pvt. Ltd. are strategically positioned to elevate Nepal's energy and scape to unparalled heights."
