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India Gazette
08-05-2025
- Business
- India Gazette
Bhutan signs MoU with Adani for 5,000 MW hydropower development
Ahmedabad (Gujarat) [India], May 8 (ANI): The Adani Group and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark Memorandum of Understanding (MoU) to develop 5,000 MW of hydropower projects in Bhutan jointly. 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 Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other dignitaries. The MoU builds on the ongoing partnership for the 570/900 MW Wangchhu Hydropower Project, in which DGPC will hold a majority 51 per cent stake and Adani will hold 49 per cent. 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. 'This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security,' said Naresh Telgu, COO (PSP & Hydro), Adani Green Hydro Ltd. Together with DGPC, he said they 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. Dasho Chhewang Rinzin, MD DGPC said that the strategic partnership with Adani will further strengthen their 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,' he said. DGPC is 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, India's leading infrastructure and renewable energy player which brings its 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 and 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. (ANI)
Mint
08-05-2025
- Business
- Mint
Adani, Druk Green Power sign MoU for 5,000 MW of hydro projects in Bhutan
New Delhi: Adani Group and the Druk Green Power Corp. (DGPC) have signed a memorandum of understanding (MoU) to jointly develop 5,000 MW of hydropower projects in Bhutan. DGPC is a subsidiary of Druk Holding and Investments Ltd, Bhutan's government-owned holding company with investments across sectors such as manufacturing, energy, natural resources, financial services, and communication. Also read: Centre alerts world's largest solar park, and RIL's biggest global refinery as tensions with Pakistan escalate The MoU was signed in Thimphu, Bhutan's capital, by DGPC's managing director, Dasho Chhewang Rinzin and Adani Green Hydro Ltd's chief operating officer (PSP & Hydro) Naresh Telgu. This tie-up 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%. An official statement from the Adani Group said that 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. 'This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security," said Naresh Telgu, COO (PSP & Hydro), Adani Green Hydro Ltd. Also read: Cabinet approves fresh coal linkages to boost procurement and capacity addition by thermal plants amid high power demand Rinzin said, '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 the cornerstone of the exemplary and friendly relations between our two countries." As part of this collaboration, Adani Group 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 Indian government, underscoring a shared vision for clean energy growth and economic integration. India has been a key partner in Bhutan's energy space. State-run NHPC is looking to form a joint venture to develop hydro projects there. In November, Tata Power also forged a partnership with DGPC to develop a minimum of 5,000 MW of clean energy generation capacity in the Himalayan nation. Also read: India-UK FTA a shot in the arm for India's green energy manufacturing space The MoU between Adani Group and DGPC aligns with Bhutan's Renewable Energy Roadmap, which aims to achieve an additional 20,000 MW of generation capacity by 2040. The road map prioritizes diversification into solar and geothermal energy, and also encourages strategic partnerships to attract investment and innovation.
Time of India
08-05-2025
- Business
- Time of India
Adani, Druk Green Power to develop 5,000 Mw hydro power projects in Bhutan
New Delhi: The Adani Group today announced it has signed a Memorandum of Understanding (MoU) with Druk Green Power Corporation (DGPC) to jointly develop 5,000 MW hydropower projects in Bhutan . 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 Prime Minister Dasho Tshering Tobgay, and Minister for Energy and Natural Resources 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 prepared, and taken forward for implementation in phases. '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," said Naresh Telgu, COO (PSP & Hydro), Adani Green Hydro Ltd. As part of the collaboration, Adani will ensure reliable power offtake and integration with India's commercial power markets, reinforcing Bhutan's role in the regional energy trade. The partnership is backed by the Royal Government of Bhutan and the Government of India. The initiative 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.
Hindustan Times
08-05-2025
- Business
- Hindustan Times
Bhutan signs MoU with Adani Group for 5,000 MW hydropower projects
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. '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,' said Dasho Chhewang Rinzin, according to the statement. 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 said 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.
Time of India
08-05-2025
- Business
- Time of India
Adani Group signs MoU with Druk Green Power to develop 5,000 MW of hydropower projects in Bhutan
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Adani Group on Thursday announced that the company has signed Memorandum of Understanding (MoU) with Druk Green Power Corporation (DGPC) to develop 5,000 MW of hydropower projects in Bhutan 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 Bhutan's Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other senior 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%.'This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security,' said Naresh Telgu, COO (PSP & Hydro), Adani Green Hydro Ltd.'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,' said Dasho Chhewang Rinzin, MD DGPC. 'We look forward to taking this partnership forward with Adani and learning from their huge successes across the globe.'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 initiative also aligns with Bhutan's Renewable Energy Roadmap, which aims to achieve and additional 20,000 MW of generation capacity by Adani Group company has an operating capacity of 17.55 GW, which it aims to increase to 30.67 GW by 2030. In the private sector, its capacity expansion will be the largest. In the public sector, state-owned NTPC is planning to add 30 GW of thermal power capacity by 2032, on top of the earlier 26 GW.
