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Tata Power acquires 26% stake in Bhutan Project

Shilpa Mahapatre 22 July 2008

Tata Power Company (TPC), India’s largest private power utility, has picked Tata Power acquires 26% stake in Bhutan Project up 26% stake in the Royal Government of Bhutan (RGoB) promoted 114 MW run-of-the-river hydro electric power project over river Dagachhu through Druk Green Power Corporation (DGPC).

Tata Power Trading has negotiated to purchase all the power generated from the project.

Under the deal, Tata Power Trading will off-take power from the project for a period of 25 years and the power will be delivered at India-Bhutan border.

The power is likely to be evacuated via the Tala Transmission Link into India's Eastern Grid.

According to an official release, the project will be accomplished by a special purpose vehicle Dagachhu Hydro Power Corporation (DHPC).

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