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The project, known as the Wangchhu hydroelectric project, will be implemented on a Build, Own, Operate and Transfer (BOOT) model.
This will be the first hydro project under the memorandum of understanding signed in May 2025 between Adani Group and DGPC to jointly develop 5,000 MW of hydropower in Bhutan.
Adani Power has signed an agreement with Bhutan’s state-owned Druk Green Power Corporation (DGPC) to develop a 570-megawatt (MW) hydroelectric project in the Himalayan kingdom, involving an investment of about Rs 6,000 crore.
The project, known as the Wangchhu hydroelectric project, will be implemented on a Build, Own, Operate and Transfer (BOOT) model. A power purchase agreement and concession agreement were formalised in the presence of Bhutan’s Prime Minister Dasho Tshering Tobgay and Adani Group Chairman Gautam Adani, the company said in a statement.
With the detailed project report already completed, construction is expected to start in the first half of 2026 and finish within five years of groundbreaking.
“The Wangchhu hydroelectric project will critically meet Bhutan’s peak winter demand, when hydro power generation is low. During the summer months, it would export power to India,” said S B Khyalia, CEO of Adani Power.
This will be the first hydro project under the memorandum of understanding signed in May 2025 between Adani Group and DGPC to jointly develop 5,000 MW of hydropower in Bhutan. Both sides are also in discussions for future projects under the strategic partnership.
Adani Power is India’s largest private thermal power producer, while DGPC is Bhutan’s sole generation utility, currently operating a little over 2,500 MW capacity. Its shareholder is Druk Holding & Investments, the commercial arm of the Royal Government of Bhutan. DGPC aims to help Bhutan achieve 25,000 MW of generation capacity by 2040 and has recently expanded into solar energy as well.
Adani Power Stock Split
Adani Power has said its shareholders have approved a stock split in the ratio of 1:5. The company has received the approval through a postal ballot notice issued on August 1, 2025. The resolution has been considered as duly passed with the requisite majority, as mentioned in the postal ballot notice dated August 1, according to a regulatory filing.
According to the notice, each equity share of Rs 10 will be sub-divided into five fully paid-up equity shares of the face value of Rs 2 each, ranking pari passu in all respects. The voting period began from 9 am on August 6, and ended at 5 pm on September 4.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 06, 2025, 16:03 IST
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