By Kalpana Pathak
Copyright indiatimes
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Khorlochhu Hydro Power Ltd (KHPL), a strategic partnership with 60% shareholding by Druk Green Power Corporation Ltd (DGPC) and 40% by Tata Power Company Ltd, has signed a Rs 4,829 crore loan agreement Power Finance Corporation.The agreement also provides for a further standby credit facility of Rs 950 crore, Tata Power said in a press statement late Monday evening. The company is developing the 600 megawatt (MW) Khorlochhu Hydropower Project in Bhutan. The project, with an estimated cost of approximately Rs 6,900 crore, including financing charges, is expected to be commissioned in 2029-2030.”This landmark transaction marks PFC’s first cross-border financing in Bhutan and highlights the growing clean energy cooperation between India and Bhutan,” the company said.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 project will help meet Bhutan’s winter demand and enable the export of surplus power to India during the summer months.Construction has commenced, 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.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. Add as a Reliable and Trusted News Source Add Now!
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