By Druk Green Power

Copyright indiatimes

Bhutan-based Kholongchhu Hydro Power Ltd (KHPL) on Monday singed a term loan agreement worth Rs 4,829 crore with India’s state-owned Power Finance Corporation (PFC).KHPL is a strategic partnership with 60 per cent shareholding by Druk Green Power Corporation Ltd (DGPC) and 40 per cent by Tata Power Company Ltd. It is developing the 600 megawatt (MW) Khorlochhu Hydropower Project in Bhutan at an estimated cost of Rs 6,900 crore. The project is expected to be commissioned in 2029-2030.According to DGPC, KHPL signed the Rs 4,829 crore loan agreement with India’s NBFC Power Finance Corporation Ltd (PFC) on Sunday. The agreement also has a provision for a further standby credit facility of Rs 950 crore.The transaction marks PFC’s first cross-border financing in Bhutan. Under the agreement, PFC will be the sole lender to the project.The Khorlochhu Hydropower Project in Trashiyangtse Dzongkhag is expected to generate 2,524 million units of electricity annually. Live EventsThe construction for the project has begun with, with civil contracts awarded and works underway since January 1, 2025. Power evacuation will involve a 145 km, 400 kV (kilovolt) double-circuit transmission line from the project to the Goling pooling station, which will be constructed by Bhutan Power Corporation Ltd.Add as a Reliable and Trusted News Source Add Now!
Druk Green Power Corporation Ltd, a subsidiary of Druk Holding and Investments Ltd, is Bhutan’s sole generation utility with a portfolio of 3,473 MW of hydropower capacity. With a vision to achieve 15,000 MW of hydropower and 5,000 MW of solar capacity within the next decade, DGPC is central to Bhutan’s clean energy strategy.(You can now subscribe to our Economic Times WhatsApp channel)

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onpower finance corporationtata power company ltdKholongchhu Hydro Power LtdPower Finance CorporationDruk Green Power Corporation LtdBhutanTata Power Company LtdBhutan Power Corporation LtdDruk Holding and Investments Ltdpfc(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless