Bhutan Signs Memorandum of Understanding with Adani Group

Thimphu: The Adani Group and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark Memorandum of Understanding (MoU) to jointly develop 5,000 MW of hydropower projects in Bhutan.

The MoU was signed here by DGPC’s MD Dasho Chhewang Rinzin and Adani Green Hydro Ltd’s COO, PSP & Hydro, Naresh Telgu, in the presence of 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 the DGPC will hold a majority 51 per cent stake and the Adani Group 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.

“This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security,” Adani Green Hydro Ltd’s COO, PSP & Hydro, Telgu said. “Together with the DGPC, we are enabling Bhutan to harness its hydropower potential and export reliable green energy to India. This is a powerful example of cross-border collaboration in pursuit of shared sustainable development goals.”

“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,” DGPC MD Rinzin said. “We look forward to taking this partnership forward with Adani and learning from their huge successes across the globe.” (IANS)

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