In a strategic move highlighting the regional transition to clean energy, the Adani group has entered into a Memorandum of Understanding (MoU) with Bhutan’s Druk Green Power Corporation (DGPC) to develop a view to jointly deploy 5,000MW of hydropower capacity. This move is a shot in the arm for India-Bhutan energy cooperation and powers the greater thrust for sustainable infrastructure in the region.
The MoU was finalised in Thimphu in the presence of Bhutanese Prime Minister Dasho Tshering Tobgay and other high officials. DGPC’s MD Dasho Chhewang Rinzin and Adani Green Hydro Ltd’s COO (PSP and Hydro) Naresh Telgu signed the accord, strengthening a cross-border alliance based on commonalities in energy objectives.
“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.
DGPC MD Dasho Chhewang Rinzin added, “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 the cornerstone of the exemplary and friendly relations between our two countries.”
The agreement builds upon the ongoing 570/900 MW Wangchhu Hydropower Project, in which DGPC holds a 51% stake and Adani 49%. Both parties also initialled the Shareholders’ Agreement for this project, advancing Bhutan’s national Renewable Energy Roadmap that targets 20,000 MW by 2040.
With 17.55 GW operational capacity and plans to reach 30.67 GW by 2030, Adani Green is positioned as the largest private sector clean energy contributor in India.
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