Clean energy push: Tata Power to buy 40% stake for Rs 1,572 crore in Bhutan hydro SPV; move to boost regional green footprint
Clean energy push: Tata Power to buy 40% stake for Rs 1,572 crore in Bhutan hydro SPV; move to boost regional green footprint
Tata Power is investing Rs 1,572 crore to acquire a 40% stake in a special purpose vehicle for Bhutan's 1,125 MW Dorjilung hydropower project. This strategic move, executed through a shareholders' agreement with Druk Green Power Corporation Ltd, will bolster Tata Power's clean energy portfolio and hydropower presence. The acquisition is expected to be completed in tranches within six months.
Tata Power is investing Rs 1,572 crore to acquire a 40% stake in a special purpose vehicle for Bhutan's 1,125 MW Dorjilung hydropower project. This strategic move, executed through a shareholders' agreement with Druk Green Power Corporation Ltd, will bolster Tata Power's clean energy portfolio and hydropower presence. The acquisition is expected to be completed in tranches within six months.
Tata Power is investing Rs 1,572 crore to acquire a 40% stake in a special purpose vehicle for Bhutan's 1,125 MW Dorjilung hydropower project. This strategic move, executed through a shareholders' agreement with Druk Green Power Corporation Ltd, will bolster Tata Power's clean energy portfolio and hydropower presence. The acquisition is expected to be completed in tranches within six months. 
