Latest news with #WangchhuProject
NDTV
08-05-2025
- Business
- NDTV
Adani Group Signs Pact With Bhutan's Druk Green Power Corporation For 5,000 MW Of Hydropower Project
Ahmedabad: Chairman of Adani Group, Gautam Adani, on Thursday, thanked Prime Minister of Tshering Tobgay after Adani Group and the Druk Green Power Corporation (DGPC) of Bhutan signed a landmark Memorandum of Understanding (MoU) to develop 5,000 MW of hydropower projects in Bhutan jointly. In a post on X, Chairman of Adani Group, Gautam Adani said, "Honoured to deepen our partnership with Bhutan. We are committed to a greener and more prosperous future. Thank you @PMBhutan @tsheringtobgay for your trust and vision." Honoured to deepen our partnership with Bhutan. We are committed to a greener and more prosperous future. Thank you @PMBhutan @tsheringtobgay for your trust and vision. 🙏 — Gautam Adani (@gautam_adani) May 8, 2025 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. 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. 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 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. 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. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Hans India
08-05-2025
- Business
- Hans India
Gautam Adani sees group's pact to set up 5,000 MW projects in Bhutan as deepening of partnership
New Delhi: Adani Group Chairman Gautam Adani on Thursday said the signing of the MoU to jointly develop 5,000 MW of hydropower projects in Bhutan represented a deepening of the group's partnership with the Himalayan country. He also thanked Bhutan Prime Minister Tshering Tobgay for reposing his trust in the Adani Group. "Was honoured to deepen our partnership with Bhutan. We are committed to a greener and more prosperous future. Thank you PM Bhutan Tshering Tobgay for your trust and vision", Gautam Adani posted on X. The Bhutan Prime Minister, on his part, said that he was "delighted that that Druk Green Power Corporation and Adani Power have made significant progress on the Wangchhu hydropower JV project, and that they have signed an MoU Druk Green Power Corporation (DGPC) of Bhutan to jointly develop 5,000 MW of additional hydropower in Bhutan". "Grateful to my friend Gautam Adani," Prime Minister Tobgay remarked. The partnership is strongly backed by both the Bhutan and Indian governments, underscoring a shared vision for clean energy growth and economic integration. The MoU, signed in Bhutan 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 Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other senior dignitaries, 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 the Adani Group 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 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," said DGPC's MD Rinzin. "We look forward to taking this partnership forward with Adani and learning from their huge successes across the globe." In a further milestone, the DGPC and the Adani Group also initialled the Shareholders' Agreement for the Wangchhu Project, marking significant progress in their collaborative efforts to advance Bhutan's hydropower sector. The Adani Group, India's leading infrastructure and renewable energy player, 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, the group will ensure reliable power offtake and integration with India's commercial power markets, further reinforcing Bhutan's role in the regional energy trade. 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. The 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, the DGPC is also helping to strengthen Bhutan's position in regional energy cooperation.
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.
