Tata Power Signs Bhutan Clean Energy MoU; Shares Decline 2.13%

Mumbai, May 18: Tata Power Company signed a Memorandum of Understanding with Bhutan’s Druk Green Power Corporation Ltd to establish a skill development ecosystem supporting the development of 5,000 MW clean energy capacity in Bhutan.

The company said the agreement was signed in Thimphu between Tata Power and Druk Green Power Corporation (DGPC), Bhutan’s sole power generation utility, according to a company press release.

The partnership aims to create a structured training framework to develop a future-ready workforce capable of supporting operation and maintenance requirements for large-scale clean energy assets under the ongoing collaboration between the two entities.

According to the release, training programmes will be delivered through the Tata Power Skill Development Institute (TPSDI), leveraging its expertise in power sector skilling and technical certification.

The MoU signing ceremony was attended by Bhutan Prime Minister Lyonchhen Tshering Tobgay. The agreement was formally signed by Tata Power CEO and managing director Dr Praveer Sinha and DGPC managing director Dasho Chewang Rinzin.

Tata Power stated that the initiative will include phased implementation of workforce training programmes covering safety induction, technical skill development, construction operations and long-term clean energy asset maintenance.

The company added that DGPC plans to expand Bhutan’s hydro and solar power generation capacity through investments in renewable and small hydro projects over the next decade.

Stock Market Snapshot

Tata Power share price traded lower during morning trade on May 18. The stock was trading at ₹398.35, down 2.13% from the previous close, as of 10:51 AM IST.

According to market data, the stock opened at ₹404.60 while the day’s low stood at ₹397. The company’s market was around ₹1.27 lakh crore.

Investors continued to monitor developments linked to the company’s renewable energy expansion strategy and international clean energy partnerships.

Company Background

Tata Power Company Ltd is an integrated power utility engaged in generation, transmission, distribution and renewable energy operations.

The company has a diversified energy portfolio spanning thermal, hydro, solar and wind power assets. It also operates in rooftop solar, EV charging infrastructure and power distribution businesses across India.

Tata Power has been expanding its clean energy portfolio and related infrastructure capabilities as part of its long-term transition towards sustainable energy operations.

Conclusion

The Bhutan partnership strengthens Tata Power’s clean energy collaboration in the region and expands its role in technical workforce development for renewable energy infrastructure projects.

The company said the initiative reflects a collaborative approach towards supporting Bhutan’s long-term clean energy growth and operational readiness through structured skilling programmes.

Source:

• https://www.nseindia.com/get-quote/equity/TATAPOWER/Tata-Power-Company-Limited
• https://nsearchives.nseindia.com/corporate/VPTPCL_18052026095922_PR18052026.pdf