Debt

Debt financing

Tata Power-DGPC hydro project in Bhutan to secure $815-M from World Bank

Economic Times  

The World Bank has approved an USD 815 million long-term finance package for the 1,125-megawatt Dorjilung Hydropower Project in Bhutan. This financing package includes a USD 150 million grant and a USD 150 million credit from the International Development Association (IDA), along with a USD 15 million enclave loan from the International Bank for Reconstruction and Development (IBRD) to Druk Green Power Corporation (DGPC). Additionally, the package comprises a USD 200 million IBRD enclave loan and a USD 300 million loan from the International Finance Corporation (IFC) to Dorjilung Hydro Power Limited (DHPL).The Dorjilung Hydropower Project (DHPL) is a 1,125 MW initiative in which Tata Power holds a 40% share, with Bhutan's Druk Green Power Corporation (DGPC) holds the rest in the special purpose vehicle. The project is anticipated to generate over 4,500 gigawatt-hours of clean electricity annually.