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Article: India : Tata Power Inks Joint Venture Pact With SN Power.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: Mamta03
India's Tata Power Co. said Friday it signed a joint venture agreement with Norwegian hydropower firm SN Power to jointly develop hydropower projects in India and Nepal.
The joint venture aims to have 2,000 megawatts under construction or in operation by 2015 and a total of 4,000 MW by 2020, Tata Power said in a statement.
SN Power was established in 2002 and is 60% owned by Statkraft; the rest is held by investment fund Norfund.
Tata Power and SN Power have already started pursuing potential project opportunities based on the vast reserve of renewable energy in the Himalayas.
The power producers didn't share ...