Tata takes 26 pc equity in Bhutan's 114-mw power project

Subscribe to Oneindia News

Kolkata, Jul 21 (UNI) The Tata Power Co Ltd, today announced partnership with the Bhutan Government to develop a 114-mw hydro power project over the river Dagachhu through Druk Green Power Corporation Ltd (DGPC).

The project will be executed by a special purpose vehicle- Dagachhu Hydro Power Corporation Ltd (DHPC).

Through this strategic partnership, Tata Power has acquired a 26 per cent stake in the project, while Tata Power Trading has negotiated to purchase all the power generated from the project.

The Indian company will off-take power from the project for 25 years and supply through its transmission link into eastern region grid.

" We are happy to work with the Royal Government of Bhutan on the 114 MW Dagachhu Hydro Electric Power project. This partnership consists of equity participation and off-take of power by the Company and Tata Power Trading Company Limited (Tata Power Trading) respectively," Tata Power, India's largest integrated private power company's Managing Director Prasad Menon said.

UNI PC KK AB 1622

Please Wait while comments are loading...