Tata Power signs ₹13,100 cr hydropower project in Bhutan
pre-market1 source ↓written by the desknot a recommendation
- agreement with Druk
- ₹13,100 crore
Tata Power Company Ltd has signed a ₹13,100 crore agreement with Druk Green Power Corporation for the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan. The project will be developed through a special purpose vehicle, with Tata Power holding 40% equity. This aligns with the goal to develop 5,000 MW of clean energy capacity in Bhutan.
The deal may enhance Tata Power's growth trajectory and investor sentiment in the renewable energy sector. ⚡
Not investment advice. For informational purposes only.