In April, Tala Hydroelectric Project Authority (THPA) will merge with Druk Green Power Corporation (DGPC) creating a mega-energy company.
THPA will continue to exist until all its activities were completed, according to a press release from the cabinet, which approved the amalgamation on February 24.
The DGPC made a detailed presentation to the cabinet on the amalgamation including manpower and organizational aspects of the DGPC management, the impact of the amalgamation on assets and liabilities, modification Courtesy Bank of Bhutanof articles of incorporation, and projected revenues of Tala, including revenues from Chhukha, Kurichhu and Basochhu plants.
The 1,020 megawatt Tala Hydroelectric Project was commissioned in 2008. The Basochhu, Chhukha, and Kurichhu Hydropower Corporations were amalgamated into the DGPC on 1st January 2008. While the corporations were set up to operate and maintain the individual plants, one of the main reasons for amalgamating these plants and forming the DGPC was to draw on the synergies of the various plants and to enable better sharing of scarce resources.
Source: Bhutan Observer