CORPORATE
Tata Power putting Rs 1,572 cr in SPV to set up 1,125-mw project in Bhutan
- IBJ Bureau
- Nov 12, 2025
Tata Power will be investing Rs 1,572 crore for acquiring a 40 per cent equity stake in a special purpose vehicle (SPV) that will set up 1,125-mw Dorjilung hydropower project in Bhutan at an investment of Rs 13,100 crore.
The acquisition will be done in one or more tranches, for which a shareholders’ agreement would be executed between the company and Druk Green Power Corporation (DGPC) in Bhutan, a regulatory filing has said. According to the filing, the SPV is yet to be incorporated.
The acquisition will not fall under the related-party transaction. However, it stated that post-acquisition, the SPV will become an associate company of Tata Power and consequently a related party.
This project will support Tata Power to accelerate its clean and green energy transition. According to the terms and conditions to be agreed in the shareholders’ agreement, the first tranche will be completed within six months. The cost of acquisition is approximately Rs 1,572 crore for the 40 per cent equity stake in one or more tranches. It will be paid in cash.
Report By
View Reporter News