Tata Power Company Ltd plans to acquire a significant stake in the Special Purpose Vehicle (SPV) for the 1,125 MW Dorjilung Hydroelectric Project in Bhutan. Valued at approximately ₹13,100 crore (about $1.7 billion), the project underscores Tata Power’s strategic push into cross-border renewable energy infrastructure.
Tata Power Company Limited has announced a proposed acquisition of a major stake in the joint venture SPV developing the Dorjilung Hydroelectric Power Project (DHPP) in Bhutan. This run-of-river project, located in Bhutan’s Lhuentse and Mongar districts on the Kurichhu River, is designed to generate 1,125 megawatts of clean energy.
The total project cost is estimated at around $1.7 billion (approx ₹13,100 crore), with financing support from the World Bank. The SPV is structured under a Public-Private Partnership model with Bhutan’s Druk Green Power Corporation Limited and Tata Power holding stakes of 60% and 40%, respectively.
The DHPP involves constructing a concrete-gravity dam with a height of approximately 139.5 meters, channeling nearly 287 cubic meters per second of water through a 15-kilometer headrace tunnel to an underground powerhouse with six Francis turbines. The project is expected to produce approximately 4.5 terawatt-hours annually.
This strategic investment emphasizes Tata Power’s commitment to expanding its clean energy portfolio and strengthening regional energy cooperation with Bhutan, supporting India’s renewable energy and sustainability objectives.
Key Highlights:
-
Tata Power to acquire stake in 1,125 MW Dorjilung Hydro Project in Bhutan.
-
Project valued at approx ₹13,100 crore ($1.7 billion), co-financed by World Bank.
-
Run-of-river hydro project on Bhutan’s Kurichhu River with concrete-gravity dam.
-
Expected annual generation of 4.5 terawatt-hours from six Francis turbines.
-
Joint venture with Bhutan’s Druk Green Power Corporation (60%) and Tata Power (40%).
-
Enhances India-Bhutan renewable energy collaboration and supports sustainability goals.
Sources: Vajiram and Ravi, Gktoday.in, Tata Power official release, Energy Economic Times