Reliance Power to develop 500 MW solar project in Bhutan with DHI
Reliance Power Limited has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI). DHI is the investment arm of the Royal Government of Bhutan. The agreement outlines a 50:50 joint venture between Reliance Power and DHI to develop a 500 MW solar power project in Bhutan. With an estimated investment of up to Rs 20 billion, this…