The World Bank Group has sanctioned comprehensive long-term financing for the 1,125 MW Dorjilung Hydropower Project in Bhutan, marking a significant milestone in regional clean energy cooperation. The project represents a joint venture between Bhutan's Druk Green Power Corporation (60%) and Tata Power (40%), India's largest private integrated power company, operating through a Special Purpose Vehicle called Dorjilung Hydro Power Limited.

Project Scale and Impact

The Dorjilung project stands as Bhutan's largest hydropower initiative developed under a public-private partnership model. Key project specifications include:

The project will significantly expand Bhutan's installed energy capacity and strengthen the country's position as a reliable clean energy exporter to India. Tata Power Trading Company Limited, a wholly owned subsidiary of Tata Power, will handle power importation into India and manage onward distribution.

Comprehensive Financing Structure

The World Bank Group has structured a multi-institutional financing package totaling $815 million across various instruments:

The remaining funding requirements for the project will be arranged from various market participants, with the World Bank's approval providing long-term visibility and strengthening both partners' ability to advance the project systematically.

Regional Cooperation and Strategic Benefits

The Dorjilung project reinforces the enduring energy cooperation between Bhutan and India, demonstrating how regional partnerships can deliver shared economic and environmental benefits. The initiative advances South Asia's clean energy landscape while showcasing effective collaboration between governments, multilateral institutions, and private sector entities.

The project is expected to generate substantial employment opportunities during both construction and operational phases, stimulate local entrepreneurship, and support livelihoods in the Mongar and Lhuentse districts of Bhutan. This comprehensive approach ensures that the project delivers sustainable value for all stakeholders while contributing to regional energy security.

Company Portfolio Context

Tata Power maintains a diversified portfolio of 15.9 GW spanning the entire power value chain, including renewable and conventional energy generation, transmission, distribution, trading, storage solutions, and solar manufacturing. The company operates 7.0 GW of clean energy generation, representing 44% of its total capacity, while serving approximately 13 million customers nationwide. The company has committed to achieving Net Zero emissions by 2045, positioning the Dorjilung project as a strategic component of its clean energy transition strategy.

Tata Power has announced that its Board of Directors will convene on February 4, 2026, to consider the company's financial results for the third quarter of fiscal year 2026. The meeting will focus on reviewing both audited standalone and unaudited consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The formal notice was issued on January 14, 2026, and submitted to both major stock exchanges in compliance with regulatory requirements. The meeting has been scheduled to address the quarterly financial performance and provide stakeholders with comprehensive insights into the company's operational and financial standing.

Regulatory Compliance

The notice has been submitted pursuant to Regulation 29(1) read with Regulation 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures full compliance with stock exchange listing requirements and maintains transparency with investors and regulatory authorities.

Trading Window Restrictions

In accordance with the Tata Code of Conduct for Prevention of Insider Trading, the company has implemented specific trading restrictions. The trading window for dealing in Tata Power securities was closed from Thursday, December 25, 2025, and will remain closed until 48 hours after the declaration of the financial results.

Corporate Communication

The official notice was signed by Vispi S. Patel, Company Secretary (FCS 7021), and digitally authenticated on January 14, 2026. The communication was formally addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring proper notification to all relevant stakeholders and maintaining regulatory compliance standards.