Tata Power partners Bhutan Government for 114 MW Power ProjectThe

Tata Power Company Ltd, India's largest integrated private Power Company, today announced its partnership with The Royal Government of Bhutan (RGoB) to develop the 114 MW run-of-the-river Hydro Electric Power Project over river Dagachhu through Druk Green Power Corporation Ltd (DGPC). The project will be executed by the Special Purpose Vehicle- Dagachhu Hydro Power Corporation Ltd (DHPC).Commenting on this partnership, Mr. Prasad Menon, Managing Director, Tata Power said : "We are happy to work with The Royal Government of Bhutan on the 114 MW Dagachhu Hydro Electric Power project. This partnership consists of equity participation and off-take of power by the Company and Tata Power Trading Company Ltd (Tata Power Trading) respectively."As part of this strategic partnership, Tata Power has acquired a 26% stake in the project, while Tata Power Trading has negotiated to purchase all the power generated from the project. Tata Power Trading will off-take power from the project for a period of 25 years and the power will be delivered at India-Bhutan Border. The power is expected to be evacuated through the Tala Transmission Link into India Eastern Region Grid.The stock closed the day at Rs.1043.65, up by Rs.28.20 or 2.78%. The stock hit an intraday high of Rs.1050 and low of Rs.1011.10.The total traded quantity was 165404 compared to 2 week average of 317207.