Adani Power and Druk Green Power Partner for 570 MW Hydro Project in Bhutan
The project involves a large capital expenditure (₹6,000 crore) and a substantial 570 MW capacity, marking a significant expansion into the hydropower sector in Bhutan and strengthening Adani Power's renewable energy portfolio. It's also the first of a larger 5,000 MW MoU, indicating long-term strategic implications.
The announcement details a significant strategic partnership for a 570 MW hydroelectric project with a substantial investment, indicating growth, expansion into renewable energy, and potential future revenue streams.
Adani Power Limited (APL) and Druk Green Power Corp. Ltd. (DGPC), Bhutan’s state-owned utility, signed a Shareholders Agreement (SHA) on September 5, 2025, for establishing a 570 MW Wangchhu hydroelectric project in Bhutan. This pivotal agreement, alongside an in-principle Power Purchase Agreement (PPA) and a Concession Agreement (CA) with the Royal Government of Bhutan, paves the way for the project's implementation. * APL and DGPC will jointly incorporate a public company in Bhutan with a 49:51 shareholding, respectively, to undertake the project. * The project will see an investment of approximately ₹60 billion (₹6,000 crore) for the renewable energy plant and related infrastructure. * Construction is anticipated to commence by the first half of 2026, with completion targeted within five years of groundbreaking. * Mr. SB Khyalia, CEO, Adani Power, stated that the project will critically meet Bhutan’s peak winter demand and export power to India during summer months. * Dasho Chhewang Rinzin, MD, DGPC, highlighted the project's role in ensuring Bhutan's energy security and strengthening grid connectivity between Bhutan and India. * This Wangchhu project is the first under an MoU signed in May 2025 between Adani Group and DGPC for jointly developing 5,000 MW of hydropower in Bhutan.
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Adani Power Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Power Limited. Read the original for the full detail.