TATA POWER'S BHUTAN HYDRO PROJECT GETS US$515 MILLION CLEARANCE FROM WORLD BANK

The Government of Bhutan and the World Bank have signed financing agreements worth US$515 million for the 1125 MW Dorjilung Hydroelectric Power Project which is currently being developed by a Joint Venture between India’s

Bhutan’s state-run Druk Green Power Corp. Ltd. Once complated, the project is set to generate 4500 gigawatt-hours (GWh) of clean electricity every year, with 80% of this to be exported to India during the peak summer season. Having a market cap of Rs 1.40 lakh crore, is India's largest vertically-integrated private sector power company. The company has delivered good profit growth of 45% CAGR over last 5 years and has been maintaining a healthy dividend payout of 19%. With the power demand set to surge in the summer season, the company can see a strong growth in the coming years.