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.
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 (X/tsheringtobgay)
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 continuing partnership for the 570/900 MW Wangchhu Hydropower Venture, during which 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 Venture Experiences (DPRs) ready, and brought ahead for implementation in phases, the assertion mentioned.
“This partnership reflects our deep commitment to developing clean energy infrastructure that enhances regional energy security,” mentioned Naresh Telgu.
“Together with DGPC, we are enabling Bhutan to harness its hydropower potential and export reliable green energy to India. This is a powerful example of cross-border collaboration in pursuit of shared sustainable development goals,” he mentioned.
“This strategic partnership with Adani will further strengthen our very strong engagement with the Government of India in harnessing Bhutan’s abundant hydropower resources, which is considered as the cornerstone of the exemplary and friendly relations between our two countries,” mentioned Dasho Chhewang Rinzin, in line with the assertion.
DGPC, Bhutan’s premier hydropower developer, has a long time of expertise in managing the nation’s renewable power assets. It performs a pivotal position in Bhutan’s clear power journey, contributing to each home power safety and sustainable improvement. By such partnerships, DGPC can also be serving to to strengthen Bhutan’s place in regional power cooperation.
The Adani Group mentioned it should 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 Vitality Roadmap, which goals to attain an extra 20,000 MW of technology capability by 2040.