Press Release titled " The Royal Government of Bhutan and the World Bank Sign Financing Agreements for the Dorjilung Hydroelectric Power Project."

The Royal Government of Bhutan and the World Bank have signed financing agreements totaling $515 million for Bhutan's 1,125 MW Dorjilung Hydroelectric Power Project. Tata Power holds a 40% stake in the Special Purpose Vehicle (Dorjilung Hydro Power Limited), with Bhutan's Druk Green Power Corporation holding the remaining 60%. The $1.7 billion project will generate over 4,500 GWh of clean electricity annually, with nearly 80% supplied to India to meet rising peak demand. The financing includes $300 million from IDA (with $150 million as grant), $215 million from IBRD, and up to $300 million from IFC. The project is expected to account for about one-third of Bhutan's total energy generation and increase Bhutan's GDP by 2.4%, while displacing 3.3 million tons of CO2 annually.