DGPC/TATA Dagacchu HPP

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TATA Power, from India, was planning the development of the 114MW Dagacchu run-of-river hydropower project, in joint venture with Druk Green Power Corporation, owned by the Bhutanese government. Tata held 26% of the equity, DGPC held 59%. The remaining 15% was held by the NPPF (National Pension & Provision Fund) of Nepal. Output was expected to be 260-500 GWh. Commissioning was expected for 2013. The project held a PPA with TATA Power, and the Bhutan. The project required a 19km transmission line (220kV), connecting the project to Tsirang power house. The civil works were done by HCC, form India, awarded in July 9, 2009 (for Nu 3,875.00 million, US$45 million). The electric equipment was to be supplied by Alstom Hydro, from Hydro and VA Tech Hydro, from Austria (for EUR54.99 million, US$71.3 million). Consulting was provided by PriceWaterhouseCoopers Pvt. Ltd. (India), in association with Nippon Koei Co. Ltd. (Japan). The evacuation was to be done via a 1,200 kilometer built for the 1,020 Tala project brought online in 2006. HCC was also responsible for constructing Tala, and 1,200MW Punatsangchhu 1 HPP. The debt/equity ratio of the project was 60/40. Part of the debt was provided by the Asian Development Bank (US$51 million debt, 30 year tenor + US$29 million financing towards the DGPC equity, 32 year) and the Austrian export credit agency (OeKB). Total cost was US$201.5 million. The project also applied for UNFCCC CDM financing. Coordinates: 26°50'19"N 89°58'10"E 06.11.2019 - changed country from Nepal to Bhutan http://dagachhuhydropowerproject.blogspot.com/ http://wikimapia.org/13242329/dagachhu-HE-Project http://www.adb.org/news/bhutan-hydropower-project-worlds-first-cross-border-clean-development-mechanism-initiative https://cdm.unfccc.int/Projects/DB/DNV-CUK1247228633.76/view http://www.dnaindia.com/money/report_tata-power-to-commission-first-unit-of-dagachhu-in-2013_1323287 http://www.projectfinancemagazine.com/Article/2410085/Bhutans-Dagachhu-hydro-gets-ADB-debt.html