Tata Power commissions first 63 MW unit of Bhutan hydro plant

Private power producer Tata Power has commissioned the first unit of its Dagachhu hydro power plant having a capacity of 63 MW in Bhutan.

"The company has commissioned 63 MW sized unit of its 126 MW Dagachhu hydro power plant in Bhutan, " Tata Power said in a regulatory filing.

Dagachhu project is a joint venture between Tata Power and Druk Green Power Corporation, owned by Royal Government of Bhutan and National Pension and Provident Fund of Bhutan.

With the commissioning of the first unit of this plant, Tata Power's overall hydro power generation capacity now stands at 513 MW and the total at 8,684 MW.

Dagachhu Hydro Power Corporation has entered into a 25-year Power Purchase Agreement with Tata Power Trading Company Ltd (TPTCL, a company of Tata Power) for sale of power from the project. The power generated from the project shall be sold by TPTCL in the Indian power market.

Shares of Tata Power were trading at Rs 85.65, down 0.41% on the BSE.