Taqa expands in India with hydroelectric project
Monday, 14 January 2013
ABU DHABI: Abu Dhabi National Energy Company PJSC (Taqa) has acquired an interest in Himachal Sorang Power Limited (HSPL), the developer of a 100 megawatt (MW) hydroelectric plant in the northern Indian state of Himachal Pradesh.
Construction of the Sorang hydroelectric project is 85 per cent complete and the plant is expected to begin operations in 2013. It will be powered by the Sorang Khad, a river originating in the Himalayas, and will supply electricity to the northern states of India, a region currently facing power shortages. It uses run-of-the-river technology to convert the river's natural water flow to electricity, eliminating the need for a reservoir.
The acquisition was made in a joint venture with Jyoti Structures Ltd. (JSL), an Indian power infrastructure company, which signed a Memorandum of Understanding with Taqa in July 2011 to explore investment opportunities in the sector. Taq already operates a 250 MW lignite power station in the Neyveli region of southern India.(QNA)