Adani Group and Druk Green Power to develop 5GW hydropower in Bhutan

India's Adani Group and the generation utility Druk Green Power Corporation (DGPC) have signed a Memorandum of Understanding (MoU) to jointly develop 5,000MW of hydropower projects in Bhutan.

This MoU builds on the ongoing partnership for the 570/900MW Wangchhu Hydropower Project, in which DGPC will hold a majority 51% stake and Adani will hold 49%.

The 5,000MW initiative will encompass additional hydropower and pumped storage projects to be identified and taken forward for implementation in phases.

“This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security,” said Naresh Telgu, COO (PSP & Hydro), Adani Green Hydro Ltd. “Together with DGPC, we are enabling Bhutan to harness its hydropower potential and export reliable green energy to India. This is a powerful example of cross-border collaboration in pursuit of shared sustainable development goals.”

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“This strategic partnership with Adani will further strengthen our very strong engagement with the Government of India in harnessing Bhutan’s abundant hydropower resources which is considered as the cornerstone of the exemplary and friendly relations between our two countries” said Dasho Chhewang Rinzin, managing director of DGPC. “We look forward to taking this partnership forward with Adani and learning from their huge successes across the globe.”

As part of this collaboration, Adani Group will ensure reliable power offtake and integration with India’s commercial power markets, reinforcing the role Bhutan plays in the regional energy trade.

This initiative also aligns with Bhutan’s Renewable Energy Roadmap, which aims to achieve an additional 20,000MW of generation capacity by 2040. The roadmap prioritises diversification into solar and geothermal energy, and also encourages strategic partnerships to attract investment and innovation.

In a further milestone, DGPC and Adani also initialled the Shareholders’ Agreement for the Wangchhu Project, marking significant progress in their collaborative efforts to advance Bhutan’s hydropower sector.