06 October,2026 01:52 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
Adani Power on Tuesday said it has partnered with Bhutan's state-owned utility Druk Green Power Corp (DGPC) for setting up the 770 MW Chamkharchhu-I Hydroelectric Project in the Kingdom of Bhutan.
"The peaking run-of-river project is located in central Bhutan's Zhemgang District and on the Chamkarchhu River and the project 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 (commercial operational date)," Adani Power said in a statement.
Adani Power and DGPC have signed a shareholders agreement for setting up the project.
The construction expected to commence in the first half of 2027, with commissioning targeted for within six years from ground-breaking, it added.
The project is part of the broader 5,000 MW hydropower development Memorandum of Understanding (MoU) signed between the Adani Group and DGPC in May 2025.
It is the second major hydropower collaboration between the Adani Power and DGPC following the 570 MW Wangchhu Hydroelectric Project agreement signed in September 2025.
The project is expected to strengthen Bhutan's clean energy generation capacity and enhance regional energy cooperation.
"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. While the project is expected to help meet Bhutan's peak winter electricity requirements, it will also enable the export of surplus green power to India during the summer months, creating long-term value for both nations," said Anil Sardana, Managing Director, Adani Power said.
Both organisations remain actively engaged in evaluating additional hydropower opportunities under the broader 5,000 MW development programme, according to the statement.
"This partnership marks another significant milestone in Bhutan's hydropower development journey and further strengthens the long-standing energy partnership between Bhutan and India. 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," Dasho Chhewang Rinzin, MD, DGPC said.
