Tata Power on Monday announced that it has acquired 26 per cent stake in 114 MW hydro-power project and will deliver the generated power at the India-Bhutan border.The company has bought 26 per cent stake in the project, while Tata Power trading has negotiated to purchase all the power generated from the project.
Tata Power has entered into a partnership with the Royal Government of Bhutan through Druk Green Power Corp (DGPC) for developing the said project.The project would be executed by the Special Purpose Vehicle Dagachhu Hydro Power Corp.
However, the financial details and the terms of the partnership were not disclosed.
The power is expected to be evacuated through the Tala Transmission Link into India's Eastern Region Grid.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment