Adani Power and Druk Green to set up 570MW hydro power project

Business Industry

Posted by AI on 2025-09-06 06:21:07 | Last Updated by AI on 2025-09-06 08:46:49

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The Adani Group, an Indian conglomerate, and Druk Green Power Corporation (DGPC) in Bhutan have recently signed a Memorandum of Understanding (MOU) to partner on the development of hydro power projects in Bhutan. The recent project will see the establishment of a 570 MW hydro power project, with both entities currently engaged in discussions to further their collaboration.

The MOU signifies a strategic alliance between the two companies, leveraging each other's expertise and resources to pursue future projects together. With the shared objective of promoting sustainable and clean energy initiatives, the partnership between the Adani Group and DGPC is anticipated to make significant contributions to the sector.

Bhutan, a small country nestled in the Eastern Himalayas, has historically been reliant on imports for energy and remains heavily reliant on external support to meet its electricity needs. The nation aims to increase its hydropower capacity to more than 10,000 MW by 2030. Currently, it exports electricity to India, selling excess power to its southern neighbor under a power-purchase agreement.

The Adani Group, established in 1988, is an Indian conglomerate headquartered in Ahmedabad, Gujarat, India. The group has interests in resources, logistics, energy, and other sectors. With a focus on sustainable and clean energy initiatives, the Adani Group has emerged as a significant player in the renewable energy industry in India and worldwide.

Druk Green Power Corporation (DGPC) is a state-owned enterprise under the Kingdom of Bhutan's Ministry of Economic Affairs. The corporation was established in 2007 with the mandate to develop, operate, and maintain hydroelectric power projects in Bhutan. It plays a crucial role in the country's efforts to become a renewable energy leader and contribute to sustainable development.

Together, the Adani Group and DGPC's partnership signals a momentous step towards the realization of both parties' aspirations to promote clean and sustainable energy initiatives. With their combined expertise and resources, the collaboration is poised to make a substantial impact on the hydro power industry in Bhutan and beyond.

Stay tuned for more updates as this story develops!

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