RPower, Druk to develop 500-MW Bhutan project

Power Pact

- Arunima Bharadwaj

Reliance Power on Monday signed a long-term power purchase agreement (PPA) with Green Digital to jointly develop a 500-megawatt (MW) solar power plant in Bhutan. Green Digital is owned by Druk Holding and Investments (DHI), the investment arm of the Royal Government of Bhutan.

The two companies will jointly develop Bhutan's largest solar power project through a 50:50 venture entailing a capital outlay of up to ₹2,000 crore under the build-own-operate (BOO) model. This represents the largest private sector foreign direct investment (FDI) in Bhutan's solar energy sector to date, Reliance Power said.

The company has already commenced the engineering, procurement, and construction (EPC) tendering process, adhering to international competitive bidding standards to ensure optimal technical execution and cost efficiency.