Bhutan and India to Develop 5,000 MW of Renewable Energy

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Researched by Industrial Info Resources (Sugar Land, Texas)--India's Tata Power Company Limited (Mumbai) and Bhutan's Druk Green Power Corporation (Thimphu) have partnered to develop 5,000 megawatts (MW) of renewable-energy capacity in Bhutan. Both nations consider this a major step forward in enhancing energy security in the region.

The initiative includes 2,000 MW of hydropower, 2,500 MW of pumped storage and 500 MW of solar power. The investment is expected to total more than US$830 million.

The memorandum of understanding, signed in Thimphu, signals the largest clean-energy collaboration between the two nations. Bhutan, in particular, hopes to reach 25,000 MW of total generation by 2040.

Industrial Info is tracking more than 40 renewable-energy projects across Bhutan, totaling roughly US$30 billion of investment. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can click here for a list of detailed project reports and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).