Adani Power on Saturday said it has actually inked a pact with Bhutan’s state-owned utility Druk Environment-friendly Power to establish a 570 MW hydro project entailing investment of 6, 000 crore, in the Himalayan Kingdom.
Based on the pact, Adani Power and Druk Environment-friendly Power Corp Ltd (DGPC), will launch the the peaking run-of-river Wangchhu hydroelectric task on a BOOT (Build, Own, Run, Transfer) design.
A power purchase contract and a giving in agreement were signed in this regard in the existence of Head of state of Bhutan, Dasho Tshering Tobgay and Gautam Adani, Chairman, Adani Group, a business statement stated.
The Wangchhu project will certainly see a financial investment of regarding 6, 000 crore in setting up the power plant and related frameworks.
With the comprehensive task record currently finished, building work is anticipated to start by the initial half of 2026, and the conclusion is targeted within 5 years of groundbreaking.
“The Wangchhu hydroelectric job will seriously meet Bhutan’s top winter season need, when hydro power generation is reduced. During the summertime, it would certainly export power to India,” stated SB Khyalia, CHIEF EXECUTIVE OFFICER, Adani Power.
The Wangchhu is the very first hydroelectric project to be occupied under an MoU checked in May 2025 in between Adani Team and DGPC for collectively developing 5, 000 MW of hydropower in Bhutan.
Adani Team and DGPC are engaged in more conversations for future jobs under this tactical collaboration.
Adani Power is the biggest exclusive thermal power manufacturer in India.
DGPC is the single generation utility of Bhutan with a current generation profile of a little over 2, 500 MW and growing quickly with Bhutan’s goals to accomplish 25, 000 MW in generation capability by 2040
Druk Holding & & Investments, the commercial arm of the Royal Federal Government of Bhutan, is DGPC’s shareholder.
Developed in 2008 to take a lead function in establishing Bhutan’s hydropower sources, it has lately branched out past hydropower into touching solar resources additionally.