Adani Power, Druk Green Power to build ₹6,000 cr Wangchhu hydro project in Bhutan

Under the pact, Adani Power and DGPC will jointly take up the peaking run-of-river Wangchhu hydroelectric project on a BOOT (Build, Own, Operate, Transfer) basis.

According to the company, a power purchase agreement and a concession agreement were signed in the presence of Bhutanese Prime Minister Dasho Tshering Tobgay and Adani Group Chairman Gautam Adani.

The Wangchhu project, involving both the plant and supporting infrastructure, will be executed with the detailed project report already completed.

Construction is slated to start in the first half of 2026, with a completion target set within five years of groundbreaking.

“The Wangchhu hydroelectric project will critically meet Bhutan’s peak winter demand, when hydro power generation is low. During the summer months, it would export power to India,” said SB Khyalia, CEO of Adani Power.

This is the first hydropower venture being executed under a broader memorandum of understanding signed in May 2025 between the Adani Group and DGPC to jointly develop 5,000 MW of hydropower in Bhutan.

Both sides are already in discussions for future projects under the partnership.

Adani Power is currently India’s largest private-sector thermal power producer.

DGPC, Bhutan’s sole power generation utility, operates a portfolio of just over 2,500 MW and has ambitious plans to expand its capacity to 25,000 MW by 2040.

Its parent, Druk Holding and Investments—the commercial arm of Bhutan’s royal government—remains its shareholder.

Established in 2008 to spearhead Bhutan’s hydropower expansion, DGPC has also recently diversified into solar energy projects.