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Tata Buy Bhutan power
prarun_2
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7-21-2008 10:39 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bd5f4d95-e285-4aab-93b4-0dff3256625d/D711602F-8F94-4D34-ACEA-7D46E047B294/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.domain-b.com/companies/companies_t/Tata_Power/20080721_bhutan_power_project.html" href="http://www.domain-b.com/companies/companies_t/Tata_Power/20080721_bhutan_power_project.html" style="font-size: 11px;">www.domain-b.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.domain-b.com/companies/companies_t/Tata_Power/20080721_bhutan_power_project.html"><TR valign="top"><TD class="art_title">Tata Power buys 26 per cent stake in Bhutan power project <FONT class="pgTitlest">news</FONT></TD><TD width="10"></TD></TR><TR valign="top"><TD colspan="2" class="maintext"><IMG height="10" width="10" src="http://www.domain-b.com/images/10x10spacer.gif" /></TD></TR><TR valign="top"><TD class="maintext">21 July 2008</TD></TR></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.domain-b.com/companies/companies_t/Tata_Power/20080721_bhutan_power_project.html"><P><STRONG>Mumbai</STRONG>: Tata Power Co Ltd has acquired a 26 per cent stake in Druk Green Power Corporation Ltd (DGPC) - the 114 MW run-of-the-river Dagachhu hydroelectric power project - being developed by the Bhutan government. </P> <P>The project will be executed through a special purpose vehicle, Dagachhu Hydro Power Corp Ltd (DHPC), it said. </P> <P>''We are happy to work with the Royal Government of Bhutan on the Dagachhu Hydro Electric Power project. This partnership consists of equity participation and offtake of power by the company and Tata Power Trading Company Ltd respectively,'' said Prasad Menon, managing director of Tata Power.</P> <P>Tata Power Trading has agreed to purchase all the power generated from the project and Tata Power Trading will offtake power from the project for a period of 25 years. The power will be delivered at India-Bhutan Border. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D711602F-8F94-4D34-ACEA-7D46E047B294/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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