Alstom forms JV to set up hydro power service centre in Bhutan
Alstom has formed a joint venture with Druk Green Power Corp for setting up the first hydro power service centre in Bhutan, in Jigmeling. It is to provide repair services for hydro runners and other underwater parts of hydropower plants.
This strategic partnership will be a joint venture (JV) with a shareholding of 49 per cent for Alstom and 51 per cent for Druk Green.
The service centre is to be completed within 27 months. Bhutan is set to become a major hydroelectricity producer in the coming years.