Tata Power to pick up 26% in Bhutan govt plant
Bs Reporter / Mumbai July 22, 2008, 0:12 IST Tata Power Company (TPC) has agreed to pick up a 26 per cent stake in the Royal Government of Bhutan (RGoB) promoted 114 mw hydro electric power project over river Dagachhu through Druk Green Power Corporation (DGPC). The project will be executed by a special purpose vehicle Dagachhu Hydro Power Corporation (DHPC). "This partnership consists of equity participation and off-take of power by the company and Tata Power Trading Company," said Prasad R Menon, managing director, Tata Power.