AI-Summary – News For Tomorrow
Adani Power Ltd. and Bhutan’s Druk Green Power Corporation Ltd. (DGPC) have signed an agreement to build the 570 MW Wangchhu hydroelectric project in Bhutan. This is the first project under a May 2025 agreement between Adani Group and DGPC to develop 5,000 MW of hydropower in Bhutan. Power Purchase and Concession Agreements with the Bhutanese government are underway. DGPC, Bhutan’s sole power generation utility, aims to significantly increase its generation capacity to 25,000 MW by 2040 and this agreement between the companies will help them realize this goal.
News summary provided by Gemini AI.
New Delhi, September 06, 2025: Adani Power Ltd. has signed the Shareholders Agreement (SHA) with Bhutan’s state-owned generation utility, Druk Green Power Corporation Ltd. (DGPC), for setting up a 570 MW Wangchhu hydroelectric project in the Himalayan Kingdom of Bhutan. A Power Purchase Agreement and Concession Agreement with the Government of Bhutan have also been initiated.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Read Also : Punjab National Bank Signs MoU with Govt of Rajasthan to drive socio-economic goals
Read Also : UP State Government Announces Cashless Medical Treatment for All State Teachers
The Wangchhu is the first hydroelectric project under this MoU that was signed in May 2025 between the Adani Group and DGPC for jointly developing 5,000 MW of hydropower in Bhutan. Adani Group and DGPC are engaged in further discussions for future projects under this strategic partnership.
Druk Green Power Corporation Ltd (DGPC) is the sole generation utility of Bhutan, with a current generation portfolio of a little over 2,500 MW and growing fast with Bhutan’s aspirations to achieve 25,000 MW in generation capacity by 2040.
Read Also : PSU Dividend Soon: MOIL Announced Record Date for Final Dividend payment for FY25
