Adani Power to set up Hydroelectric Project in Bhutan
Adani Power and Druk Green Power signed an agreement to set up 570MW hydro power project in Bhutan.
New Delhi, September 06, 2025: Adani Power Ltd. has signed the Shareholders Agreement (SHA) with Bhutan’s state-owned generation utility, Druk Green Power Corporation Ltd. (DGPC), for setting up a 570 MW Wangchhu hydroelectric project in the Himalayan Kingdom of Bhutan. A Power Purchase Agreement and Concession Agreement with the Government of Bhutan have also been initiated.
The Wangchhu project will have an investment of about Rs 60 billion in setting up the renewable energy power plant and related infrastructures. With the preparation of the detailed project report already completed, construction work is expected to begin by the first half of 2026, and the completion is targeted within five years of groundbreaking.
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According to Mr. SB Khyalia, CEO of Adani Power, “Bhutan is a role model for the world in sustainable development, and we are very excited to play a leading role in the development of the country’s natural resources through this renewable energy project. The Wangchhu hydroelectric project will critically meet Bhutan’s peak winter demand, when hydropower generation is low. During the summer months, it would export power to India.”
Bhutan, therefore, plans to add another 15,000 MW in hydropower and 5,000 MW in solar generation capacity by 2040 from Adani Power Limited. DGPC is therefore happy to be partnering with the Adani Group for establishing the 570 MW Wangchhu hydroelectric project. Considering their technical & financial strength and the immense experience and expertise that the Adani Group brings to the table, the project implementation is expected to be fast-tracked and set a benchmark for other such projects. The project, on completion, will not only help ensure Bhutan’s energy security but also help further strengthen grid connectivity between Bhutan and India,” said Dasho Chhewang Rinzin, MD, DGPC.
Read Also : Raja B S takes charge as Chief Operating Officer of Karnataka BankThe Wangchhu is the first hydroelectric project under this MoU that was signed in May 2025 between the Adani Group and DGPC for jointly developing 5,000 MW of hydropower in Bhutan. Adani Group and DGPC are engaged in further discussions for future projects under this strategic partnership.
Druk Green Power Corporation Ltd (DGPC) is the sole generation utility of Bhutan, with a current generation portfolio of a little over 2,500 MW and growing fast with Bhutan’s aspirations to achieve 25,000 MW in generation capacity by 2040.
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