Business

Adani Power, Druk Green Power To Develop 570 MW Hydropower Project In Bhutan

Adani Power and Druk Green Power Corporation Ltd (DGPC), Bhutan’s state-owned generation utility, signed a shareholders agreement (SHA) on Saturday to set up the 570 MW Wangchhu hydroelectric project in Bhutan.

The two sides also initialled an in-principle understanding on the power purchase agreement (PPA) and signed a concession agreement (CA) with the Royal Government of Bhutan.

The agreements were signed in the presence of Bhutan’s Prime Minister Dasho Tshering Tobgay and Adani Group Chairman Gautam Adani.

Project to Meet Power Demand in Bhutan

The Wangchhu project will operate on a BOOT (Build, Own, Operate, Transfer) model as a peaking run-of-river hydroelectric plant.

SB Khyalia, CEO of Adani Power, said the project will play a critical role in addressing Bhutan’s peak winter power demand and enable power exports to India during the summer.

“Bhutan is a role model for the world in sustainable development, and we are excited to play a leading role in developing the country’s renewable energy resources,” Khyalia said.

Adani Power and DGPC plan to invest about ₹60 billion in building the renewable power plant and related infrastructure. The developers plan to start construction in early 2026 and complete it within five years.

Bhutan’s Energy Ambitions

Dasho Chhewang Rinzin, MD of DGPC, noted that Bhutan and India have cooperated in hydropower since the 1960s. He said hydropower development remains a cornerstone of bilateral relations.

Bhutan plans to become a High-Income GNH country and add 20,000 MW of renewable energy by 2040.

“DGPC is happy to partner with the Adani Group, whose technical expertise and financial strength will help fast-track the Wangchhu project and set a benchmark for future initiatives,” Rinzin added

The Wangchhu project is the first under the May 2025 MoU between Adani Group and DGPC. Both sides are already discussing additional projects under this strategic collaboration.

Adani Power, India’s largest private thermal producer, operates 18,110 MW across 12 plants in Gujarat and other states.

Also Read: India’s Forex Reserves Jump By $3.51 Billion To Touch $694.23 Billion

Purnima Mishra

Share
Published by
Purnima Mishra
Tags: Adani PowerBhutan renewable energyDruk Green PowerIndia-Bhutan CooperationWangchhu Hydropower Project
1 month ago

Recent Posts

‘Garv Se Kaho Yeh Swadeshi Hai’: PM Modi Reinforces Call To Buy Local Ahead Of Diwali

Ahead of Diwali, Prime Minister Narendra Modi urged the public to celebrate the festival by…

7 hours ago

Yogi Adityanath Lights Over 1.51 Crore Lamps In Uttar Pradesh; Record 26 Lakh Diyas Illuminate Ayodhya Dham

Uttar Pradesh CM Yogi Adityanath announced that 1.51 crore lamps were lit across the state,…

8 hours ago

UAE’s Sheikh Mohammed & Global Envoys Greet India On Diwali

Leaders and diplomatic missions from the UAE, Singapore, and Iran extended warm Diwali wishes to…

8 hours ago

PIB Debunks Viral WhatsApp Message On Alleged Social Media & Call Monitoring Rules

The Press Information Bureau (PIB) has declared as false a viral WhatsApp message claiming government…

9 hours ago

Prez Murmu & VP Radhakrishnan Extend Warm Diwali Greetings; Urge Responsible Celebration

Prez Murmu and Vice President CP Radhakrishnan have wished citizens a happy Diwali, urging everyone…

10 hours ago

Obesity Linked To Alzheimer’s Risk In Adults With Down Syndrome, Study Finds

Obesity, not metabolic syndrome, is linked to higher Alzheimer’s risk in adults with Down syndrome,…

11 hours ago