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.

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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% stake in the project while Druk Green Power will hold the remaining 40% stake. However, the company stated that 80% of the electricity generated will be supplied to India.

“As Bhutan’s largest hydro project under the PPP model, it is designed to fully support Bhutan’s domestic energy aspirations while also enablin

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