Tata Power, India’s largest integrated power company, jointly with Clean Energy Invest AS, Norway (Clean Energy) and IFC InfraVentures(IFC), announced the commencement of their first phase of 185 MW Shuakhevi Hydropower Project in Georgia.The agreement with Clean Energy and IFC was signed earlier this year and the projects are being developed for sale of power primarily to Turkey. Tata Power has an existing hydro generation capacity of about 450 MW in Maharashtra, India, that feeds clean power to the city of Mumbai. The Company has been resilient to increase its portfolio in Hydro power generation which includes Tata Power’s partnership with Norway-based SN Power to develop hydropower projects. Currently, the JV consortium has bagged the “Dugar Hydro Electric Project” in Chenab Valley in Himachal Pradesh, India. Tata Power also has a JV with the Royal Government of Bhutan under which it is implementing a 114 MW from Dagachhu Hydro Project with Druk Green Power Company.Tata Power as part of its sustainability initiatives is focusing on reducing its carbon footprint through clean and renewable energy generation. It remains committed to generating 20- 25 per cent of its total generation capacity from clean energy sources.The ground breaking ceremony for construction of the first phase of 185 MW Shuakhevi Hydropower Project was held recently. The Prime Minister of Georgia, Bidzina Ivanishvili, was the guest of honour at the function.
