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Energy corridor boost: Tata Power to acquire 40% stake in Bhutan hydro SPV; project to supply 80% output to India

Tata Power has signed commercial agreements with Druk Green Power Corporation to acquire a 40 per cent stake in a special purpose vehicle (SPV) to develop the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan, the company said on Friday. The equity commitment is valued at approximately Rs 1,572 crore and will be infused in…

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Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi

Illinois Lieutenant Governor Juliana Stratton is poised to become the next Senator from the state after winning the Democratic primary Tuesday night, defeating Representative Raja Krishnamoorthi. Krishnamoorthi had received close to $10 million in backing from crypto super-political action committee (PAC) Fairshake, among other entities, while Stratton was backed by Illinois Governor JB Pritzker. Illinois’…

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