Adani Group, Bhutan's DGPC Sign 5,000 MW Hydropower MoU

The Adani Group and Bhutan's Druk Green Power Corporation (DGPC) have signed a landmark Memorandum of Understanding to jointly develop 5,000 MW of hydropower projects in Bhutan, building on their ongoing collaboration on the Wangchhu Hydropower Project. This partnership, supported by the governments of Bhutan and India, aims to enhance regional energy security and enable Bhutan to export reliable green energy to India, reflecting strong bilateral ties and cross-border sustainable development. The initiative aligns with Bhutan's Renewable Energy Roadmap, which targets an additional 20,000 MW of clean energy capacity by 2040 and encourages diversification into solar and geothermal energy alongside hydropower. DGPC will hold a majority 51% stake in the Wangchhu project, with Adani holding 49%, and the broader 5,000 MW plan will include additional hydropower and pumped storage projects implemented in phases. Both parties emphasized the strategic importance of this partnership in fostering regional energy cooperation and economic integration, leveraging Adani's global experience and Bhutan's abundant hydropower resources. This agreement marks a significant step forward in advancing Bhutan's renewable energy sector and reinforcing its role in regional clean energy trade.