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
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement