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

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.

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