The Adani Group and Druk Green Power Corporation (DGPC) have signed a Memorandum of Understanding (MoU) to develop 5,000 MW of 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 Bhutan’s Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other senior dignitaries.
In a post on X, Chairman of Adani Group, Gautam Adani said, “Honoured to deepen our partnership with Bhutan. We are committed to a greener and more prosperous future. Thank you @PMBhutan @tsheringtobgay for your trust and vision.”
As part of this collaboration, Adani Group will ensure reliable power offtake and integration with India’s commercial power markets, further reinforcing Bhutan’s role in the regional energy trade.
The partnership is strongly backed by the Royal Government of Bhutan and the Government of India, underscoring a shared vision for clean energy growth and economic integration.
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%.
“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.
“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, MD DGPC.
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This initiative also aligns with Bhutan’s Renewable Energy Roadmap, which aims to achieve an additional 20,000 MW of generation capacity by 2040.
