Joint Venture6 Sept 2025, 08:31 am
Adani Power and Druk Green Power to Set Up 570 MW Hydro Power Project in Bhutan
AI Summary
Adani Power Limited and Druk Green Power Corp. Ltd. have signed a shareholders agreement (SHA) for setting up a 570 MW hydroelectric project at Wangchhu in Bhutan. The SHA was signed on September 05, 2025. Pursuant to the SHA, APL and DGPC shall jointly incorporate a public company in Bhutan, to undertake the said Project. The Project will see an investment of about INR 60 billion. Construction work is expected to begin by the first half of 2026, and the completion is targeted within five years of groundbreaking.
Key Highlights
- Adani Power and Druk Green Power Corp. Ltd. have signed a shareholders agreement for a 570 MW hydroelectric project in Bhutan.
- The project will be set up at Wangchhu in Bhutan.
- APL and DGPC will jointly incorporate a public company in Bhutan for the project.
- The project will see an investment of about INR 60 billion.
- Construction work is expected to begin by the first half of 2026, and the completion is targeted within five years of groundbreaking.