Adani Power Shares: Adaani Power said on Saturday 6 September that it has signed an agreement with Bhutan’s official power utility company Druk Green Power Corp. Under this agreement, a 570 MW capacity Wangchu Hydroelectric Project will be set up in Bhutan. There will be an investment of about Rs 6,000 crore in this project.
According to the company, this project will be developed on Boot (Build, On, Operate, Transfer) model. Power purchase agreement and convention agreement were signed in this regard. The power purchase agreement associated with the project and a consignment agreement were also signed. Bhutan Prime Minister Daso Tob and Adani Group Chairman Gautam Adani was present on the occasion.
The detailed project report of Wangchu Hydro project has already been prepared. Construction work is expected to start in the first half of 2026 and a target is to be completed within five years of groundbreaking. Adaani Power CEO S.B. Khyalia said that the project will help Bhutan meet the peak demand for power during the winter season and additional power will be exported to India in summer.
Adani Power is India’s largest private thermal power producing company. At the same time, DGPC is the only power generation utility of Bhutan, which has the current production capacity of more than 2,500 MW. The company aims to achieve 25,000 MW production capacity by 2040.
Meanwhile, Adaani Power’s shares closed at Rs 610.30 on Friday 5 September with a gain of 0.26 per cent on NSE at Rs 610.30. So far in 2025, the company’s shares have increased by about 25 per cent.
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