Bhutan indicators MoU with Adani Group for five,000 MW hydropower initiatives
Ahmedabad: Bhutan’s Druk Inexperienced Energy Company (DGPC) and the Adani Group signed a Memorandum of Understanding (MoU) in Thimphu to collectively develop hydropower initiatives to the tune of 5,000 megawatts, an organization assertion mentioned.
It mentioned the MoU was signed by DGPC’s managing director Dasho Chhewang Rinzin and Adani Inexperienced Hydro Ltd’s chief working officer(PSP & Hydro) Naresh Telgu within the presence of Bhutanese Prime Minister Dasho Tshering Tobgay, power minister Lyonpo Gem Tshering.
This MoU builds on the continued partnership for the 570/900 MW Wangchhu Hydropower Mission, wherein DGPC will maintain a majority 51% stake and Adani will maintain 49%.
The broader 5,000 MW initiative will embody extra hydropower and pumped storage initiatives to be recognized, Detailed Mission Stories (DPRs) ready, and brought ahead for implementation in phases, the assertion mentioned.
“This partnership displays our deep dedication to growing clear power infrastructure that enhances regional power safety,” mentioned Naresh Telgu.
“Along with DGPC, we’re enabling Bhutan to harness its hydropower potential and export dependable inexperienced power to India. This can be a highly effective instance of cross-border collaboration in pursuit of shared sustainable growth objectives,” he mentioned.
“This strategic partnership with Adani will additional strengthen our very sturdy engagement with the Authorities of India in harnessing Bhutan’s ample hydropower sources, which is taken into account because the cornerstone of the exemplary and pleasant relations between our two international locations,” mentioned Dasho Chhewang Rinzin, based on the assertion.
DGPC, Bhutan’s premier hydropower developer, has many years of expertise in managing the nation’s renewable power sources. It performs a pivotal position in Bhutan’s clear power journey, contributing to each home power safety and sustainable growth. By means of such partnerships, DGPC can be serving to to strengthen Bhutan’s place in regional power cooperation.
The Adani Group mentioned it can assist Bhutan in scaling up its hydropower capability and facilitating entry to Indian power markets. As a part of this collaboration, Adani will guarantee dependable energy offtake and integration with India’s industrial energy markets, additional reinforcing Bhutan’s position within the regional power commerce. The partnership is strongly backed by the Royal Authorities of Bhutan and the Authorities of India, underscoring a shared imaginative and prescient for clear power progress and financial integration.
This initiative additionally aligns with Bhutan’s Renewable Power Roadmap, which goals to attain an extra 20,000 MW of technology capability by 2040.
