Mumbai, Nov. 22 -- Tata Power plans to invest Rs 1,572 crore in its upcoming 1.1 GW hydroelectric power project in Bhutan, the company said in a regulatory filing to the stock exchange on Saturday.
The company officially announced that it has partnered with Druk Green Power Corporation, which is Bhutan's largest power company, for the project.
Tata Power stated in the filing that the total cost of the Bhutan hydel project is estimated at Rs 13,000 crore. Tata Power will hold a 60 percent stake in the project while Druk Green Power will hold the remaining 40 percent stake. However, the company stated that 80 percent of the electricity generated will be supplied to India.
"As Bhutan's largest hydro project under the PPP model, it is design...