The Tata Power Company Limited, India’s largest integrated private power company, today announced its partnership with The Royal Government of Bhutan (RGoB) to develop the 114 MW run-of-the-river Hydro Electric Power Project over river Dagachhu through Druk Green Power Corporation Limited (DGPC). The project will be executed by the Special Purpose Vehicle- Dagachhu Hydro Power Corporation Limited (DHPC).
Commenting on this partnership, Mr. Prasad Menon, Managing Director, Tata Power said: “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.”
As part of this strategic partnership, Tata Power will acquire a 26% stake in the project, while Tata Power Trading has negotiated to purchase all the power generated from the project. 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 expected to be evacuated through the Tala Transmission Link into India’s Eastern Region Grid.
About Tata Power:
The Tata Power Company Limited is India's largest private sector power utility with an installed generation capacity of over 2300 MW. The Company has emerged as a pioneer in the Indian power sector, with a track record of performance, customer care and sustained growth. Tata Power has a presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission and distribution. The Company won the bid for the first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) and has successful public-private partnerships in generation, transmission and distribution- North Delhi Power Limited with Delhi Vidyut Board for distribution in North Delhi, ‘Powerlinks Transmission Ltd.’ with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro project in Bhutan to Delhi and ‘Maithon Power Ltd.’ with Damodar Valley Corporation for a 1000 MW Mega Power Project.
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