Adani Group is planning to develop 10 gigawatts (GW) of hydroelectric projects overseas in the coming years as part of its strategy to reach net zero carbon emissions by 2050. The conglomerate, led by billionaire Gautam Adani, is exploring projects in countries like Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, according to sources familiar with the plans. The group is particularly interested in regions with favourable topography and growing demand for hydropower.
The move aligns with Adani’s $100 billion investment commitment made in 2022 to expand its green energy capabilities, including constructing the world’s largest solar energy park in India. Through its green energy arm, Adani Green Energy, the group currently operates 11.2 GW of renewable energy projects, with plans to expand this capacity to 50 GW by 2030.
In June, Adani signed an agreement with Bhutan to build a 570 MW hydropower plant in Chhukha province and is considering a 700 MW project at Chamkarchu. The group is also in discussions for projects in Nepal, with the potential for electricity exports to India. Adani has existing business interests in Kenya, Tanzania, the Philippines, and Vietnam, where it is conducting feasibility studies for additional hydroelectric developments.