Adani Power Partners With Bhutan's Druk Green Power for 770 MW Hydroelectric JV
Adani Power Limited (NSE:ADANIPOWER) has entered into an investment and shareholders agreement with Bhutan's state-owned utility, Druk Green Power Corporation Limited, to set up a 770 MW hydroelectric project in Bhutan. Under the agreement, the Chamkharchhu-I Hydroelectric Project will be constructed and run on a build, own, operate, and transfer model. Adani Power Limited will hold a 49% ownership stake in the newly established joint venture company, with Druk Green Power Corporation Limited holding the remaining 51% controlling interest.
The agreement represents the second major clean energy partnership between the two companies, following an earlier 570 MW hydroelectric project collaboration. It forms part of a larger memorandum of understanding signed between the Adani Group and Druk Green Power Corporation Limited to develop up to 5,000 MW of hydropower capacity in Bhutan. Shares of Adani Power Limited were trading at 197.3 INR, up 0.39% following the announcement.
Investors will monitor execution milestones, project financing, and further power capacity additions under the broader regional agreement.
Key points
- Adani Power Limited will hold a 49% stake in a joint venture with Bhutan's state-owned Druk Green Power Corporation Limited to build a 770 MW hydroelectric project.
- The project will operate under a Build, Own, Operate, Transfer model as part of a joint shareholders agreement signed in Bhutan.
- This deal marks the second major hydropower venture between the companies, following a 570 MW project, under a broader 5,000 MW development agreement.
- Adani Power Limited shares traded up 0.39% at 197.3 INR.
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How we writeDisclaimerQuestions and answers
What is the ownership structure of the Chamkharchhu-I Hydroelectric Project?
Adani Power Limited holds a 49% stake in the joint venture company, while Bhutan's state-owned Druk Green Power Corporation Limited holds the remaining 51% stake.
What is the capacity of the new Bhutan hydropower project?
The Chamkharchhu-I Hydroelectric Project will have a generation capacity of 770 MW and will be constructed under a Build, Own, Operate, Transfer model.
How does this deal fit into Adani Group's broader plans in Bhutan?
The project is the second major hydropower collaboration between Adani Power and Druk Green Power Corporation, forming part of a broader 5,000 MW hydropower development agreement.