Tata Power acquires 26% in Bhutan hydro project

Mumbai: Tata Power on Monday said it has acquired 26% stake in 114 MW hydro-power project and will deliver the generated power at the India-Bhutan border. The company has bought 26% stake in the project, while Tata Power trading has negotiated to purchase all the power generated from the project, the private sector power utility said in a filing to the Bombay Stock Exchange.
"Tata Power Trading will off-take power from the project for a period of 25 years and the power will be delivered at India-Bhutan border,' it added.