Tata Power, DGPC partner to set up 600 MW hydro project in Bhutan
Tata Power and Druk Green Power Corporation Ltd (DGPC) are collaborating on the Rs 6,900 crore Khorlochhu Hydropower Project in Bhutan. This 600 MW initiative, set to be built on the Kholongchhu river, aims to meet Bhutans growing electricity needs and support Indias renewable energy goals. The project involves Tata Powers 40% equity investment and is expected to be completed in 5 years.
Tata Power and Bhutan-based Druk Green Power Corporation Ltd (DGPC) have partnered to develop a hydropower project at an estimated cost of Rs 6,900 crore. The 600 megawatts (MW) Khorlochhu Hydropower Project will be built on the Kholongchhu River in eastern Bhutan, Tata Power said in a statement on Wednesday.
The clean power from the project will help meet Bhutan's increasing electricity requirements and complement and contribute to India's energy transition to renewables, it said. The partnership involves a 40 percent equity investment by Tata Power in Khorlochhu Hydro Power Ltd, a Public Private Partnership company.
The estimated project cost, including financing charges, is around Rs 6,900 crore with a construction timeline of 5 years, Tata Power said adding all the statutory approvals are in place for construction work to start. Praveer Sinha, CEO & MD, of Tata Power, said, "This project marks a significant step towards building a sustainable energy landscape underscoring Tata Power's commitment to a greener future.
" Dasho Chhewang Rinzin, MD, DGPC, said, this partnership is a significant step towards Bhutan's energy security and economic development as the country seeks to become a High-Income Gross National Happiness (GNH)Economy by 2034
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