Overview
- Bhutan’s Druk Green Power Corporation (DGPC) and India’s Adani Group signed an MoU in Thimphu to develop 5,000 MW of hydropower and pumped storage projects.
- The MoU builds on the existing Wangchhu Hydropower JV, where DGPC holds a 51% stake and Adani 49%.
- The initiative aligns with Bhutan’s Renewable Energy Roadmap, targeting an additional 20,000 MW of capacity by 2040.
- Detailed Project Reports will be prepared for phased implementation, with Adani facilitating power integration into Indian energy markets.
- The partnership, backed by the governments of Bhutan and India, underscores shared goals of clean energy growth and economic integration.