Adani Group and Druk Green Power Corporation (DGPC) of Bhutan signed a Memorandum of Understanding (MoU) to jointly develop 5000 MW of hydropower projects in Bhutan. This agreement marks a major step in India-Bhutan regional energy cooperation and clean energy development.
Key Highlights of MoU
| Area | Details |
| MoU Parties | Adani Group (India) and Druk Green Power Corporation (Bhutan) |
| Total Capacity | 5000 MW (includes new hydropower & pumped storage projects) |
| Related Project | Ongoing Wangchhu Hydropower Project – 570/900 MW |
| Stake in Wangchhu Project | DGPC: 51%, Adani: 49% |
| Development Plan | Projects to be identified, DPRs prepared, and implemented in phases |
| Energy Trade | Power to be exported to India; supports Bhutan’s economic and clean energy goals |
Strategic Significance
- Strengthens India-Bhutan energy cooperation and cross-border energy trade.
- Aligns with Bhutan’s Renewable Energy Roadmap to achieve 20,000 MW by 2040.
- Boosts regional energy security by enabling reliable clean energy exports to India.
- Encourages investment, innovation, and sustainable development via strategic public-private partnerships.
Role of DGPC (Druk Green Power Corporation)
- Bhutan’s leading hydropower developer with decades of experience.
- Drives Bhutan’s clean energy goals and ensures domestic energy security.
- Acts as a key player in enhancing Bhutan’s role in regional energy cooperation.
Role of Adani Group
| Aspect | Details |
| Sector | India’s top private sector player in infrastructure and renewable energy |
| Expertise | Project development, financing, market integration |
| Operating Capacity | 17.55 GW (2024); Target: 30.67 GW by 2030 |
| Partnership Value | Ensures integration with Indian power markets and reliable offtake of Bhutanese power |
Related Developments
- Shareholders’ Agreement for Wangchhu Project also initialled, showing progress in execution.
- Government of India and Bhutan are backing this partnership to boost clean energy and economic integration.
- Bhutan’s renewable energy expansion includes focus on solar and geothermal, beyond hydropower.
Public vs Private Sector Capacity Expansion (India)
| Sector | Entity | Target |
| Private | Adani Group | 30.67 GW by 2030 |
| Public | NTPC (Govt.) | Add 30 GW thermal by 2032 (in addition to existing 26 GW) |