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Tata Power Company Limited ( (IN:TATAPOWER) ) has provided an update.
The World Bank Group has approved long-term financing for the 1,125 MW Dorjilung Hydropower Project in Bhutan, a special purpose vehicle co-owned by Bhutan’s Druk Green Power Corporation (60%) and Tata Power (40%), marking Bhutan’s largest hydropower project under a public-private partnership model. Expected to generate over 4,500 GWh of clean electricity annually and expand Bhutan’s installed capacity by nearly 40%, the project will supply about 80% of its output to India, with Tata Power Trading Company managing power imports and distribution in India. The multi-layered financing package from IDA, IBRD and IFC underscores confidence in the project’s technical and financial robustness, bolsters regional energy security and clean energy cooperation between India and Bhutan, and is expected to create jobs, spur local entrepreneurship and support livelihoods in Bhutan’s Mongar and Lhuentse districts.
More about Tata Power Company Limited
Tata Power Company Limited is India’s largest private integrated power company, operating across the power value chain from generation to distribution and trading. Through its subsidiary Tata Power Trading Company Limited, it is also a key player in cross-border electricity trade, particularly in clean and renewable energy between India and neighbouring countries.
Average Trading Volume: 488,757
Technical Sentiment Signal: Hold
Current Market Cap: 1128.9B INR
For a thorough assessment of TATAPOWER stock, go to TipRanks’ Stock Analysis page.