Tata Power to Acquire 40% Stake in Special Purpose Vehicle for Dorjilung Hydro Power Project in Bhutan

The Tata Power Company Limited has proposed to acquire a 40% equity stake in a Special Purpose Vehicle (SPV) in one or more tranches for the development of the 1125 MW Dorjilung Hydro Power Project in Bhutan. The project cost is approximately ₹ 13,100 crore. This acquisition is expected to support Tata Power's clean and green energy transition. The SPV will become an associate company of Tata Power post-acquisition, making it a related party. The acquisition is expected to be completed within 6 months, with the first tranche likely to be completed in the same time frame. The consideration for the 40% equity stake is approximately ₹ 1,572 crore.