Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan
Adani Power shares gained 2% after the company signed a pact with Bhutan’s Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The ₹project will be developed through a 49:51 partnership, with construction expected to begin in the first half of 2027. The project is part of a broader 5,000-MW hydropower development programme.
Adani Power's shares rose by 2% to a record high of Rs 205 on the National Stock Exchange after the company agreed to a shareholder agreement with Druk Green Power Corporation to develop a 770-MW hydropower project in Bhutan. The agreement is part of a larger 5,000-MW hydropower development memorandum of understanding between the Adani Group and DGPC, signed in May 2025.
The Chamkharchhu Hydropower Project will be developed using a Build, Own, Operate and Transfer (BOOT) model with a 49:51 equity partnership between Adani Power and DGPC. Construction is expected to commence in the first half of 2027, with commissioning slated within six years. The project aims to bolster Bhutan's renewable energy capacity and regional energy cooperation while exporting surplus clean energy to India during the summer months.
Adani Power's Managing Director, Anil Sardana, expressed delight in strengthening the partnership with the Royal Government of Bhutan and DGPC, highlighting the role of hydropower in South Asia's energy transition. DGPC's Managing Director, Dasho Chhewang Rinzin, emphasized that the project will enhance Bhutan's energy security, reduce carbon intensity, and contribute to shared sustainability goals.
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