Adani Power and Druk Green Power Corp (DGPC), Bhutan’s state-owned generation utility, on Tuesday announced to set up a 770 MW Chamkharchhu-I Hydroelectric Project in Bhutan.
The signing ceremony was graced by Prime Minister of Bhutan, Lyonchen Dasho Tshering Tobgay, in the presence of Minister of Finance and Minister of Energy and Natural Resources, along with representatives from Druk Holding & Investments Limited (DHI), Bhutan Power Corporation Limited (BPC), the DGPC Board, DGPC Management, and Adani Power.
“We are delighted to strengthen our partnership with the Royal Government of Bhutan and DGPC through the Chamkharchhu Hydroelectric Project. “This partnership marks another significant milestone in Bhutan’s hydropower development journey and further strengthens the long-standing energy partnership between Bhutan and India. It will be implemented under the Build, Own, Operate and Transfer (BOOT) model through a 49:51 equity partnership between Adani Power and DGPC with a concession of 30 years from COD, according to the company. The 770 MW Chamkharchhu-I Hydropower Project will contribute to strengthening Bhutan’s energy security, particularly during the winter months, while creating opportunities to optimise and export surplus clean energy to India,” said Dasho Chhewang Rinzin, MD, DGPC.
Hydropower will play a pivotal role in accelerating South Asia’s energy transition, and this project will contribute significantly to enhancing energy security, reducing carbon intensity, and advancing shared sustainability goals,” said Anil Sardana, Managing Director, Adani Power Ltd. “We look forward to working closely with Adani Power to realise this important project and to advancing further opportunities under the broader hydropower development partnership,” Rinzin said.
