HYDROPOWER MARKET ANALYSIS

Key Developments

• In March 2024, The India-Bhutan joint vision document on energy launched during Prime Minister Narendra Modi's visit to Thimphu
• In 2023, Baihetan hydropower station won the 2023 FIDIC Outstanding Project Award
• In 2023, 2023, Tata Power Delhi Distribution Limited (Tata Power-DDL) signed a five-year, 200-MW medium-term hydro power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd (NVVNL) to meet projected peak demand. The agreement will supply hydro power to Tata Power-DDL from May to September, beginning May 1, 2023.
• In 2023, the three cascade hydropower stations along the Qingjiang River in Hubei Province, China, achieved their first full-capacity operation on September 23, 2023, with a peak output of more than 3.3 million kilowatts. The three stations are Shiquan, Xihe, and Ankang, and are an important part of the Northwest Power Grid. They are responsible for power generation, power grid peaking, and frequency modulation.