Adani Power Signs Agreement for 770 MW Hydropower Project in Bhutan
“Adani Power has entered into a shareholders agreement with Druk Green Power Corporation to jointly develop a 770 MW hydropower project in Bhutan.”
Adani Power and DGPC Sign Shareholders Agreement
Adani Power and DGPC have signed a Shareholders Agreement (SHA) to jointly develop the 770 MW Chamkharchhu-I Hydropower Project in Bhutan. The agreement was signed on October 5, 2026, and involves setting up a public company in Bhutan to undertake the project.
49:51 Equity Partnership
- Adani Power will hold 49%, while DGPC will hold 51% in the project company.
- Both partners can appoint three directors each to the board.
- Adani Power will subscribe to 4.9 million shares, while DGPC will subscribe to 5.1 million shares at BTN 100 per share.
What to Watch Next
Investors may track the formation of the project company, progress toward construction in 2027 and the project's execution timeline. The development also strengthens Adani Power's presence in Bhutan's hydropower sector.
Disclaimer
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