Adani Power, Druk Green Power to arrange a 570MW hydro energy undertaking in Bhutan

Adani Power Ltd. and Druk Green Power Corp. Ltd. (DGPC), Bhutan’s state-owned technology utility, have signed the Shareholders Agreement (SHA) for organising a 570 MW Wangchhu hydroelectric undertaking in Bhutan. 

An in-principle understanding on the Power Purchase Agreement (PPA) has additionally been signed.

The builders have additionally signed the Concession Agreement (CA) for the undertaking with the Royal Government of Bhutan.

These agreements will pave the way in which for Adani Power and DGPC to provoke the implementation of the peaking run-of-river Wangchhu hydroelectric undertaking on a BOOT (Build, Own, Operate, Transfer) mannequin.

The Wangchhu undertaking will see an funding of about ₹6,000 crore in organising the renewable power energy plant and associated infrastructures. With the preparation of the detailed undertaking report already accomplished, building work is predicted to start by the primary half of 2026, and the completion is focused inside 5 years of groundbreaking, Adani Power mentioned on Saturday.

“The Wangchhu hydroelectric undertaking will critically meet Bhutan’s peak winter demand, when hydro energy technology is low. During the summer season months, it might export energy to India,” mentioned SB Khyalia, CEO, Adani Power.

“Considering their technical and monetary energy and the immense expertise and experience that the Adani Group brings to the desk, the undertaking implementation is predicted to be fast-tracked and set a benchmark for different such tasks. The undertaking, on completion, won’t solely assist guarantee Bhutan’s power safety but additionally assist additional strengthen grid connectivity between Bhutan and India,” mentioned Dasho Chhewang Rinzin, MD, DGPC.

The Wangchhu is the primary hydroelectric undertaking to be taken up beneath an MoU that was signed in May 2025 between the Adani Group and DGPC for collectively growing 5,000 MW of hydropower in Bhutan. 

Adani Group and DGPC are engaged in additional discussions for future tasks beneath this strategic partnership, the corporate mentioned.