Punatsangchhu-III project: JSW Neo signs pact for joint development of the project
JSW Group firm JSW Neo (an arm of JSW Energy) has signed a pact with Bhutan's utility Druk Green Power Corporation (DGPC). This pact is for the joint development of the 920-MW Punatsangchhu-III hydroelectric project in Bhutan.
The joint venture (JV) of the two firms, in which JSW Neo holds a 49% stake, will undertake the project execution. Currently, the JV is preparing the detailed project report (DPR).
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