Joint Venture16 Oct 2025, 11:01 pm
Adani Power and Druk Green Power Corp. Incorporate Joint Venture Company for 570 MW Hydroelectric Project in Bhutan
AI Summary
Adani Power Limited and Druk Green Power Corp. Ltd. have incorporated a public company in Bhutan named 'Wangchhu Hydroelectric Power Limited' to undertake a 570 MW hydroelectric project at Wangchhu in Bhutan. The joint venture company has an authorized capital of BTN 30 Billion, with Adani Power holding a 49% share. The objective of the joint venture is to carry on the business of generation, accumulation, distribution and supply of electricity. The company is yet to commence its business operations.
Key Highlights
- Adani Power Limited and Druk Green Power Corp. Ltd. have incorporated a joint venture company in Bhutan.
- The joint venture company, Wangchhu Hydroelectric Power Limited, will undertake a 570 MW hydroelectric project at Wangchhu in Bhutan.
- Adani Power holds a 49% share in the joint venture company.
- The joint venture company has an authorized capital of BTN 30 Billion.
- The objective of the joint venture is to carry on the business of generation, accumulation, distribution and supply of electricity.