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.