6 months ago
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Tata Power Company Ltd. has announced the signing of Commercial Agreements with Druk Green Power Corporation Ltd (DGPC) of Bhutan for the implementation of the 1,125 MW Dorjilung project.
The task volition beryllium implemented done a Special Purpose Vehicle (SPV), with DGPC and Tata Power holding equity shares of 60% and 40%, respectively.
The Run-of-the-River project, comprising six units of 187.5 MW each, is being developed connected the Kurichhu River successful Mongar, Bhutan.
“Designed with a six-hour pondage for peaking, Dorjilung represents a large measurement guardant successful expanding clean, reliable hydropower successful the region,” Tata Power said.
Tata Power has committed an equity concern of astir ₹1,572 crore to beryllium infused successful tranches arsenic per the agreed structure.
At a full task outgo of ₹13,100 crore, Dorjilung volition beryllium Bhutan’s second-largest hydropower project, and the largest Public–Private Partnership (PPP) hydro task ever undertaken successful the country.
On completion, the SPV volition go an subordinate institution of Tata Power, strengthening its strategical beingness successful the Himalayan renewable vigor corridor.
The task is slated for commissioning successful September 2031, and 80% of its procreation volition beryllium supplied to India, providing a important boost to determination vigor information and cleanable powerfulness availability. The task is supported by the World Bank, marking a milestone successful cross-border clean-energy financing, Tata Power said.
Praveer Sinha, CEO & Managing Director, Tata Power, said: “The Dorjilung task reinforces our committedness to accelerating cleanable vigor improvement successful the region. As Bhutan’s largest hydro task nether the PPP model, it is designed to afloat enactment Bhutan’s home vigor aspirations portion besides enabling the export of surplus cleanable powerfulness to India, strengthening determination vigor security.”
