Tata Power has completed the first tranche of its strategic investment in Dorjilung Hydro Power Limited (DHPL), acquiring a 40% equity stake in the company formed to develop the 1,125 MW Dorjilung Hydro Power Project in Bhutan. The investment of Rs 50 crore represents the initial phase of a total planned investment of about Rs…
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…
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…
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…
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…
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…
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…
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…
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…
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%….