India, Jan. 23 -- The World Bank Group has approved long-term financing for the 1,125 MW Dorjilung Hydropower Project (DHPL) in Bhutan, a joint venture between Druk Green Power Corporation (DGPC) and The Tata Power Company Limited.
DHPL, the project's special purpose vehicle, is owned 60% by DGPC and 40% by Tata Power. The project will strengthen clean energy cooperation between India and Bhutan and enhance regional energy security.
Developed under a public-private partnership (PPP) model, the Dorjilung project will be Bhutan's largest hydropower project and is expected to generate over 4,500 GWh of clean electricity annually. It will increase Bhutan's installed power capacity by nearly 40%, with around 80% of the annual generation suppli...