US EditionAdani Power Share Price Jumps 5% After THIS Development in Bhutan. Do You Own?
The 570 MW Wangchhu hydroelectric project, costing approximately ₹6,000 crore, aims to meet Bhutan's peak winter electricity demand and enhance Bhutan-India grid connectivity.
- In New Delhi, September 06, 2025, Adani Power Ltd. and Druk Green Power Corporation signed the Shareholders Agreement for the 570 MW Wangchhu hydroelectric project, witnessed by Bhutan Prime Minister Tshering Tobgay and Gautam Adani, Adani Group Chairman.
- Historically, Bhutan and India have cooperated since the 1960s to develop hydropower, with the Wangchhu project as the first initiative under a May 2025 Memorandum of Understanding to jointly develop 5,000 MW in Bhutan.
- The developers also finalised the Shareholders Agreement, PPA understanding, and Concession Agreement with the Royal Government of Bhutan under a BOOT model, requiring Rs 6,000 crore and starting construction by mid-2026.
- The project will meet Bhutan's peak winter electricity demand when hydropower is low and export surplus power to India in summer, officials say it will enhance Bhutan's energy security and strengthen grid connectivity between Bhutan and India.
- Looking beyond Wangchhu, Druk Green Power Corporation , which operates over 2,500 MW, said Bhutan plans to add 15,000 MW hydropower and 5,000 MW solar capacity by 2040.
15 Articles
15 Articles
Adani Power share price jumps 5% after THIS development in Bhutan. Do you own?
Adani Power share price surged as much as 5 per cent to ₹638.90 apiece in Monday's trading session after the company announced it has signed a shareholders agreement with Bhutan's Druk Green Power.
Adani Power partners with Bhutan for 570MW hydro project worth ₹6,000 crore
Adani Power and Bhutan’s state-owned Druk Green Power Corporation (DGPC) signed agreements today to develop a 570MW hydroelectric project in the Himalayan kingdom, requiring an investment of approximately ₹6,000 crore.
Bhutan PM Tobgay calls 570 MW Hydropower deal with Adani Power a 'Milestone' in Bhutan–India energy Ties - The Statesman
Bhutan’s Prime Minister, Dasho Tshering Tobgay, stated that the agreement for the 570 MW Wangchhu Hydropower Project, signed between Adani Power Ltd. and Druk Green Power Corporation (DGPC), marks a significant milestone in clean energy cooperation between Bhutan and India.
Adani Power, Druk Green Power To Set Up 570 MW Hydro Power Project In Bhutan
Adani Power, India's largest private power producer, and Druk Green Power Corp. Ltd. (DGPC), Bhutan's state-owned generation utility, signed the Shareholders Agreement (SHA) for setting up a 570 MW Wangchu hydroelectric project in Bhutan
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