Adani Group, one of India’s largest multinationals, has partnered with Druk Green Power Corporation (DGPC), Bhutan’s state-owned hydropower monopoly. Together, they have signed a memorandum of understanding (MOU) to cement their partnership. The contract is for design and engineering work on a group of four large hydropower projects in Bhutan. Collectively, we hope to see a combined capacity of 5 gigawatts (GW). Together, these projects represent a big leap forward in increasing Bhutan’s renewable energy capacity. In fact, it dovetails beautifully with the nation’s highly ambitious Renewable Energy Roadmap.
Beyond just the MOU, it’s an exciting time for Bhutan. The country’s plan is to increase its energy generation capacity by a staggering 20 GW by 2040. And most importantly, the Renewable Energy Roadmap recognizes the critical role of hydropower. It further emphasizes the importance of diversifying our energy supply with solar and geothermal energy. This continued diversification serves to support the long-term development of sustainable energy in the region.
Through this collaboration, the Adani Group and DGPC intend to attract significant investment and cultivate innovative talent. This project is part of Bhutan’s long-term strategy to capitalize on the country’s abundant hydropower potential. This will provide a concrete roadmap to ensure robust India-Bhutan energy cooperation going forward.
“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,” stated Dasho Chhewang Rinzin, a senior official at DGPC. His comments highlight the importance of this partnership, both in promoting U.S.-Bhutan friendship and unlocking Bhutan’s hydropower potential.
Speaking on the deal, Naresh Telgu, Advisor with Adani Group, highlighted the importance of this partnership to regional energy security. This collaboration demonstrates our strong intent to build the clean energy infrastructure that will make positive regional energy security advances. In collaboration with DGPC, we’re helping Bhutan use its clean hydropower potential to export affordable renewable energy to India. This is a strong example of cross-border collaboration in the interest of achieving mutual sustainable development objectives.
Those combined efforts are poised to produce hundreds of thousands of clean energy opportunities. This impact will go further than Bhutan and benefit the entire South Asian region. By tapping into their shared hydropower resources, both countries will benefit economically and environmentally, sharing a commitment to sustainability while achieving energy independence.