Tata Power Company has executed the Share Purchase Agreement with Khorlochhu Hydro Power (KHPL) and existing Shareholder of KHPL for acquisition of 40% equity stake in KHPL in one or more tranches. The objective of acquisition is development of the 600 MW Khorlochhu Hydropower Project in Bhutan at project cost of around Rs 6,900 crore.
This project will support Tata Power to accelerate its clean and green energy transition. The said acquisition will be completed on or before March 31, 2025, subject to fulfilment of conditions precedent to closing for first tranche. The remaining tranches will be made over a period of five years. The cost of acquisition is around Rs 830 crore, investment to be made in one or more tranches in equity stake.
Tata Power Company is India’s largest integrated power company.
