Bhutan's green power firm signs MoU with Adani for 5,000 MW Hydropower Development

This MoU builds on ongoing partnership for the 570/900 MW Wangchhu Hydropower Project, in which DGPC will hold 51% stake & Adani will hold 49%

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THIMPHU: The Adani Group and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark Memorandum of Understanding to jointly 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 the Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other senior dignitaries.

This MoU builds on the ongoing partnership for the 570/900 MW Wangchhu Hydropower Project, in which DGPC will hold a majority 51 per cent stake and Adani will hold 49 per cent. The broader 5,000 MW initiative will encompass additional hydropower and pumped storage projects to be identified, Detailed Project Reports prepared, and taken forward for implementation in phases.