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Adani Power, Druk Green inks deal for 570 MW hydro power in Bhutan

 Adani Power and Druk Green Power, a Bhutan’s state-owned generation utility, has signed the Shareholders Agreement (SHA) for setting up a 570 megawatts (MW) Wangchhu hydroelectric project in the Himalayan Kingdom of Bhutan with an investment of Rs 6,000 crore, according to a BSE filing.

The hydroelectric project will be on a BOOT (Build, Own, Operate, Transfer) model, the preparation of the detailed project report already completed, construction work is expected to begin by the first half of 2026, and the completion is targeted within five years of groundbreaking.

“Bhutan is a role model for the world in sustainable development, and we are very excited to play a leading role in the development of the country’s natural resources through this renewable energy project. The Wangchhu hydroelectric project will critically meet Bhutan’s peak winter demand, when hydro power generation is low. During the summer months, it would export power to India,” said SB Khyalia, CEO, Adani Power.

The Wangchhu is the first hydroelectric project to be taken up under an MoU that was signed in May 2025 between the Adani Group and DGPC for jointly developing 5,000 MW of hydropower in Bhutan. Adani Group and DGPC are engaged in further discussions for future projects under this strategic partnership.

Bhutan therefore plans to add another 15,000 MW in hydropower and 5,000 MW in solar generation capacity by 2040.