Tata Power, DGPC Sign Pact For 1,125 MW Bhutan Hydro Project
Real Estate

Tata Power, DGPC Sign Pact For 1,125 MW Bhutan Hydro Project

Tata Power Company Ltd. has signed commercial agreements with Bhutan’s Druk Green Power Corporation Ltd. (DGPC) for the implementation of the 1,125 MW Dorjilung hydropower project.

The project will be executed through a Special Purpose Vehicle (SPV) in which DGPC will hold 60 per cent equity and Tata Power 40 per cent. The Run-of-the-River scheme consists of six units of 187.5 MW each and is being developed on the Kurichhu River in Bhutan’s Mongar district.

Designed with six hours of pondage for peaking operations, Dorjilung marks a significant expansion of clean and dependable hydropower capacity in the region, Tata Power said.

Tata Power has committed an equity investment of about Rs 15.72 billion, to be infused in stages under the agreed structure. With a total project cost of Rs 131 billion, Dorjilung will become Bhutan’s second-largest hydropower development and the biggest hydro project under a Public–Private Partnership model in the country.

Once complete, the SPV will be classified as an associate company of Tata Power, strengthening the firm’s position in the Himalayan renewable energy corridor. The project is expected to be commissioned in September 2031, with 80 per cent of its power generation allocated to India, significantly improving regional clean-energy availability and energy security. The World Bank is supporting the project, marking a landmark in cross-border clean-energy financing.

Praveer Sinha, CEO and Managing Director of Tata Power, said the Dorjilung project highlights the company’s commitment to expanding clean energy across the region. He added that Bhutan’s largest hydro PPP will support the nation’s domestic energy ambitions while enabling the export of surplus clean power to India, reinforcing regional energy stability.

Tata Power Company Ltd. has signed commercial agreements with Bhutan’s Druk Green Power Corporation Ltd. (DGPC) for the implementation of the 1,125 MW Dorjilung hydropower project. The project will be executed through a Special Purpose Vehicle (SPV) in which DGPC will hold 60 per cent equity and Tata Power 40 per cent. The Run-of-the-River scheme consists of six units of 187.5 MW each and is being developed on the Kurichhu River in Bhutan’s Mongar district. Designed with six hours of pondage for peaking operations, Dorjilung marks a significant expansion of clean and dependable hydropower capacity in the region, Tata Power said. Tata Power has committed an equity investment of about Rs 15.72 billion, to be infused in stages under the agreed structure. With a total project cost of Rs 131 billion, Dorjilung will become Bhutan’s second-largest hydropower development and the biggest hydro project under a Public–Private Partnership model in the country. Once complete, the SPV will be classified as an associate company of Tata Power, strengthening the firm’s position in the Himalayan renewable energy corridor. The project is expected to be commissioned in September 2031, with 80 per cent of its power generation allocated to India, significantly improving regional clean-energy availability and energy security. The World Bank is supporting the project, marking a landmark in cross-border clean-energy financing. Praveer Sinha, CEO and Managing Director of Tata Power, said the Dorjilung project highlights the company’s commitment to expanding clean energy across the region. He added that Bhutan’s largest hydro PPP will support the nation’s domestic energy ambitions while enabling the export of surplus clean power to India, reinforcing regional energy stability.

Next Story
Real Estate

NHB Flags Slow PMAY 2.0 Loan Disbursements

National Housing Bank has flagged slower-than-expected loan disbursements under Pradhan Mantri Awas Yojana (PMAY) 2.0 during a recent review with housing finance companies, according to reports. The regulator noted that lending under the interest subsidy scheme has yet to gain the intended momentum, despite the programme being operational for several months. The issue was discussed in a meeting with chief executives of leading housing finance companies last week, where NHB officials said disbursals were falling short of internal targets. Lenders were asked to strengthen follow-through on sanc..

Next Story
Infrastructure Urban

HDFC AMC Enters Private Credit With Structured Debt Fund

HDFC Asset Management Company has entered India’s fast-growing private credit market with the launch of its Structured Credit Fund-I, aimed at providing alternative debt financing to mid-market companies. The International Finance Corporation, a member of the World Bank Group, will invest up to Rs 2.2 billion as an anchor investor in the fund, HDFC AMC said in a statement. The fund has secured commitments of around Rs 12.9 billion in its first close and is targeting a total corpus of Rs 15 billion, with a green-shoe option to raise an additional Rs 10 billion. This includes a sponsor commi..

Next Story
Infrastructure Energy

Coal Imports Seen Easing After November Surge

India’s coal imports, which rose sharply by 28.1 per cent in November, are expected to decline in the coming months as domestic availability improves, according to industry data. Coal imports increased to 25.07 million tonnes in November, compared with 19.57 million tonnes in the same month last year, data compiled by mjunction services ltd showed. The platform is a joint venture between SAIL and Tata Steel. According to mjunction, the increase was largely driven by winter restocking by steel producers, along with fresh buying triggered by weak seaborne coal prices. However, imports are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App