Adani to develop 5000 MW hydropower project in Bhutan

Adani Group and Druk Green Power Corporation (DGPC) of Bhutan signed an MoU that builds on the ongoing partnership for the 570/900 MW Wangchhu Hydropower Project, in which DGPC will hold a majority 51 percent stake and Adani will hold 49 percent.

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