Bhutan-based Kholongchhu Hydro Power signs term loan agreement worth Rs 4,829 cr with Power Finance Corporation
Bhutan-based Kholongchhu Hydro Power Ltd (KHPL) on Monday singed a term loan agreement worth Rs 4,829 crore with India’s state-owned Power Finance Corporation (PFC).
KHPL is a strategic partnership with 60 per cent shareholding by Druk Green Power Corporation Ltd (DGPC) and 40 per cent by Tata Power Company Ltd. It is developing the 600 megawatt (MW) Khorlochhu Hydropower Project in Bhutan at an estimated cost of Rs 6,900 crore. The project is expected to be commissioned in 2029-2030.
