Alstom, Druk Green Power joint venture to provide hydro services

Paris, June 7, 2012 — Alstom and Druk Green Power Corp. will establish a hydropower service center in Bhutan to provide repair services for hydro runners and other underwater parts of hydropower plants.

This strategic partnership will be implemented as a joint venture with a shareholding of 49 percent for Alstom and 51 percent for Druk Green.

The service center aims to create 160 new jobs in Bhutan. The center is expected to employ 62 employees in the first year of operation and plans to ramp up to 160 employees when the center reaches its full capacity use.

Construction is slated for completion within 27 months from the signing of this agreement.

The government of Bhutan has embarked on a mission to achieve 10,000 MW installed capacity by 2020 in cooperation with the government of India.

India intends to achieve some of the new additions through tapping the hydropower potential of its northeastern states that neighbor Bhutan. These new hydropower plants will also require similar repair work as those in Bhutan and provides opportunity for the Centre to provide similar services to these plants.

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