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. Continue reading Power to Tala