Bhutan

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Adani Group commences work on 570 MW Wangchhu project
By January 6, 2026January 6, 2026

Adani Group Chairman Gautam Adani announced key milestones in the Group’s energy partnership with Bhutan during a recent visit to the country. In a social media post, Mr. Adani stated that a Memorandum of Understanding (MoU) was signed for the development of 5,000 MW of hydropower capacity. Concurrently, the 570 MW Wangchhu Hydro Electricity Project was officially commenced. The ceremony was attended by Bhutan’s Honourable Prime Minister Dasho Tshering Tobgay. The 570 MW project is…

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Tata Power and DGPC sign commercial agreements for Dorjilung project
By November 24, 2025November 24, 2025

Tata Power and Druk Green Power Corporation have signed commercial agreements to implement the 1,125 MW Dorjilung hydropower project in Bhutan. The project will be developed through a new special-purpose vehicle in which DGPC will hold 60 per cent equity and Tata Power will hold 40 per cent. Tata Power plans to invest about Rs 1,572 crore in phases under the agreed structure. Dorjilung is a run of the river project on the Kurichhu River…

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India and Bhutan inaugurate Punatsangchhu II hydropower project
By November 14, 2025November 14, 2025

India and Bhutan have commissioned the 1,020 MW Punatsangchhu II hydroelectric project, increasing Bhutan’s hydropower capacity by almost 40 per cent. India has also extended a Rs 40 billion concessional line of credit for Bhutan’s energy projects, reflecting deeper cooperation in the power sector. Prime Minister Narendra Modi visited Bhutan from 11 to 12 November 2025 at the invitation of King Jigme Khesar Namgyel Wangchuck. Prime Minister Modi and the King jointly inaugurated Punatsangchhu II…

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Tata Power completes second tranche of investment in Bhutan hydropower project
By November 11, 2025November 11, 2025

Tata Power Company Limited has completed the second tranche of its planned investment in Khorlochhu Hydro Power Limited (KHPL), securing a 40% equity stake in the company developing a 600 MW hydropower project in Bhutan. The latest infusion of Rs 60 crore forms part of a broader acquisition worth about Rs 830 crore. In a filing with the stock exchanges on November 7, 2025, Tata Power stated that it subscribed to 60 lakh equity shares…

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Adani Power and Druk Green form JV for Wangchhu hydro project
By October 22, 2025October 28, 2025

Adani Power Limited (APL) and Bhutan’s state-owned Druk Green Power Corporation Ltd (DGPC) have formed a joint venture company to develop the 570 MW Wangchhu hydroelectric project in Bhutan. The new entity, Wangchhu Hydroelectric Power Limited (WHPL), was incorporated in Bhutan on October 15, 2025. The joint venture follows a shareholders’ agreement signed in September 2025. DGPC holds a 51% controlling stake, while Adani Power owns the remaining 49%. The project will be developed at…

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Bhutan’s Kholongchhu Hydro signs Rs 4,829 crore loan deal with PFC
By September 30, 2025October 28, 2025

Kholongchhu Hydro Power Ltd (KHPL) has signed a Rs 4,829 crore term loan agreement with Power Finance Corporation (PFC) to fund the 600-megawatt Khorlochhu Hydropower Project in Bhutan. KHPL is a joint venture with Druk Green Power Corporation Ltd (DGPC) holding 60 per cent and Tata Power Company Ltd holding 40 per cent. Located in the Trashiyangtse Dzongkhag region, the project has an estimated cost of about Rs 6,900 crore, including financing charges. Commissioning is…

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Adani Power and DGPC sign agreements for 570 MW hydro project in Bhutan
By September 9, 2025September 9, 2025

Adani Power and Druk Green Power Corporation Ltd. (DGPC) have formalised agreements with the Royal Government of Bhutan to develop the 570 MW Wangchhu hydroelectric project, with construction expected to begin in 2026. The Shareholders Agreement for the project was signed between Adani Power and DGPC, alongside the initialling of the Power Purchase Agreement. The Concession Agreement with the Royal Government of Bhutan was also concluded. The signing took place in the presence of Bhutan’s…

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Bhutan completes Punatsangchhu-II hydroelectric project
By August 28, 2025August 28, 2025

The 1020 MW Punatsangchhu-II Hydroelectric Project in Bhutan has reached completion with the synchronisation of its final unit, Unit 6 (170 MW), to the national power grid, the Embassy of India has announced in Thimphu. A ceremony was held at the project powerhouse to mark the milestone. Dasho Tshering Tobgay, Prime Minister of Bhutan, Lyonpo Gem Tshering, Minister of Energy & Natural Resources, Indian Ambassador Sudhakar Dalela, and senior officials from both governments attended, along…

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Adani and Bhutan’s DGPC to co-develop 5 GW hydropower projects
By May 12, 2025May 12, 2025

Adani Group has signed a memorandum of understanding (MoU) with Bhutan’s Druk Green Power Corporation (DGPC) to jointly develop 5 GW of hydropower capacity in Bhutan. This includes ongoing work on the 570/900 megawatt (MW) Wangchhu Hydropower Project. DGPC will hold a 51% majority stake in the projects, while Adani will hold the remaining 49%. Under the agreement, Adani will manage power offtake and integrate the generated power with India’s commercial power markets. This move…

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Construction begins for Khorlochhu Hydropower Project in Bhutan
By December 9, 2024December 9, 2024

The construction work of the Rs 69 billion Khorlochhu Hydropower Project in Bhutan has commenced, with the plant expected to be commissioned by September 2029. The 600 MW project is being developed on the Kholongchhu River in eastern Bhutan. In August, Tata Power and Bhutan-based Druk Green Power Corporation (DGPC) partnered to develop the project. Later in November, Tata Power announced a partnership with DGPC to develop a 5,000 MW clean energy portfolio in Bhutan….

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