(ET)
The Adani Group today announced it has signed a Memorandum of Understanding (MoU) with Druk Green Power Corporation (DGPC) to jointly develop 5,000 MW hydropower projects in Bhutan.
The MoU was signed in Thimphu by DGPC’s MD Dasho Chhewang Rinzin and Adani Green Hydro Ltd’s COO (PSP & Hydro) Naresh Telgu in the presence of Prime Minister Dasho Tshering Tobgay, and Minister for Energy and Natural Resources Lyonpo Gem Tshering.
This MoU builds on the ongoing partnership for the 570/900 MW Wangchhu Hydropower Project , in which DGPC will hold a majority 51% stake and Adani will hold 49%. The broader 5,000 MW initiative will encompass additional hydropower and pumped storage projects to be identified, Detailed Project Reports prepared, and taken forward for implementation in phases.“
This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security. Together with DGPC, we are enabling Bhutan to harness its hydropower potential and export reliable green energy to India,” said Naresh Telgu, COO (PSP & Hydro), Adani Green Hydro Ltd.
As part of the collaboration, Adani will ensure reliable power offtake and integration with India’s commercial power markets, reinforcing Bhutan’s role in the regional energy trade. The partnership is backed by the Royal Government of Bhutan and the Government of India.
The initiative aligns with Bhutan’s Renewable Energy Roadmap , which aims to achieve an additional 20,000 MW of generation capacity by 2040. The roadmap prioritises diversification into solar and geothermal energy, and also encourages strategic partnerships to attract investment and innovation.
