Acquisitions21 Nov 2025, 05:14 pm
Tata Power to Acquire 40% Stake in Bhutan Hydro Power SPV for Approx. ₹ 1,572 Crore
AI Summary
The Tata Power Company Limited has executed a Shareholders Agreement with Druk Green Power Corporation Limited to acquire a 40% equity stake in a Special Purpose Vehicle (SPV) in the power sector. The SPV is proposed to develop the 1125 MW Dorjilung Hydro Power Project in Bhutan, with an estimated project cost of ₹ 13,100 crore. This acquisition will support Tata Power's clean and green energy transition. The transaction is expected to be completed within six months, with the first tranche tentatively scheduled for completion in the same period. The consideration for the acquisition is ₹ 1,572 crore for the 40% equity stake.
Key Highlights
- Tata Power to acquire 40% equity stake in a Special Purpose Vehicle (SPV) for ₹ 1,572 crore
- The SPV is proposed to develop the 1125 MW Dorjilung Hydro Power Project in Bhutan
- The acquisition supports Tata Power's clean and green energy transition
- The transaction is expected to be completed within six months
- The SPV will become an associate company of Tata Power post-acquisition