Ahmedabad: Bhutan’s Druk Green Power Corporation (DGPC) and the Adani Group signed a Memorandum of Understanding (MoU) in Thimphu to jointly develop hydropower projects to the tune of 5,000 megawatts, a company statement said.
It said the MoU was signed by DGPC’s managing director Dasho Chhewang Rinzin and Adani Green Hydro Ltd’s chief operating officer(PSP & Hydro) Naresh Telgu in the presence of Bhutanese Prime Minister Dasho Tshering Tobgay, energy minister Lyonpo Gem Tshering.
This MoU builds on the ongoing partnership for the 570/900 MW Wangchhu Hydropower Project, in which DGPC will hold a majority 51% stake and Adani will hold 49%.
The broader 5,000 MW initiative will encompass additional hydropower and pumped storage projects to be identified, Detailed Project Reports (DPRs) prepared, and taken forward for implementation in phases, the statement said.
“This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security,” said Naresh Telgu.
“Together with 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,” he said.
