Bhutan’s Druk Green Signs MoU with Adani to Develop 5,000 MW Hydropower Projects
Adani Group and Bhutan’s Druk Green Power Corporation have signed an MoU to jointly develop 5,000 MW of hydropower projects in Bhutan, deepening cross-border collaboration in clean energy and regional energy security.
May 09, 2025. By Mrinmoy Dey
The MoU was signed in Thimphu by DGPC’s MD Dasho Chhewang Rinzin and Adani Green Hydro Ltd.’s COO (PSP & Hydro) Naresh Telgu in the presence of the Bhutan’s Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other senior dignitaries.
This MoU builds on the ongoing partnership for the 570/900 MW Wangchhu Hydropower Project, in which DGPC will hold a majority 51 percent stake and Adani will hold 49 percent. The broader 5,000 MW initiative will encompass additional hydropower and pumped storage projects to be identified, Detailed Project Reports prepared, and taken forward for implementation in phases.
Naresh Telgu, COO (PSP & Hydro), Adani Green Hydro Ltd. said, “This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security. 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.”
Dasho Chhewang Rinzin, MD DGPC remarked, “This strategic partnership with Adani will further strengthen our very strong engagement with the Government of India in harnessing Bhutan’s abundant hydropower resources, which is considered as the cornerstone of the exemplary and friendly relations between our two countries. We look forward to taking this partnership forward with Adani and learning from their huge successes across the globe.”
DGPC, Bhutan’s premier hydropower developer, has decades of experience in managing the nation’s renewable energy resources. It plays a pivotal role in Bhutan’s clean energy journey, contributing to both domestic energy security and sustainable development. Through such partnerships, DGPC is also helping to strengthen Bhutan’s position in regional energy cooperation.
The Adani Group brings extensive expertise in project development, financing, and market access. It will support Bhutan in scaling up its hydropower capacity and facilitating access to Indian energy markets.
As part of this collaboration, Adani will ensure reliable power offtake and integration with India’s commercial power markets, further reinforcing Bhutan’s role in the regional energy trade. The partnership is strongly backed by the Royal Government of Bhutan and the Government of India, underscoring a shared vision for clean energy growth and economic integration.
This initiative also aligns with Bhutan’s Renewable Energy Roadmap, which aims to achieve an additional 20,000 MW of generation capacity by 2040. The roadmap prioritises diversification into solar and geothermal energy, and also encourages strategic partnerships to attract investment and innovation.
In a further milestone, DGPC and Adani also initialled the Shareholders’ Agreement for the Wangchhu Project, marking significant progress in their collaborative efforts to advance Bhutan’s hydropower sector.
please contact: contact@energetica-india.net.
Vasudha Madhavan
Founder & CEO
Ostara Advisors: De-Risking India’s EV Battery Startups Through Tech Rigor & Market Validation
Divya Prakash Choraria
CEO and Co-founder
WattPower Backs Digital, Autonomous Solar with Storage and IoT Integration
Rajan Saspara
CEO
Anand E-Beam Cables Poised to Power India’s Renewable Energy Push: Rajan Saspara
Simarpreet Singh
Executive Director & CEO
Strong Execution, Staying Future-Ready Always Been Top Priority for Hartek: Simarpreet Singh
Vineet Mittal
Chairman
Green Hydrogen will Fuel India’s Self-Reliance and Decarbonisation: Avaada’s Vineet Mittal