Adani Power has signed an agreement with Bhutan's Druk Green Power Corporation to jointly develop the 770 MW Chamkharchhu-I Hydroelectric Project. This 49:51 equity partnership marks Adani's second major hydropower collaboration in Bhutan.
770 MW
Project Capacity
⏳ Time Machine
How today’s news fits into the bigger picture
1970s-1980s
Chukha Hydropower Project Initiated
India began assisting Bhutan with its first major hydropower project, Chukha, which became operational in 1986. This project was a landmark for bilateral energy cooperation and Bhutan's economic development.
May 2025
Adani Group-DGPC 5,000 MW MoU
Adani Group and Bhutan's Druk Green Power Corporation (DGPC) signed a Memorandum of Understanding (MoU) to jointly develop 5,000 MW of hydropower capacity in Bhutan, laying the groundwork for future projects.
September 2025
Wangchhu Project Agreement
Adani Power and DGPC signed an agreement for their first major collaboration under the MoU, the 570 MW Wangchhu Hydroelectric Project, setting a precedent for their current partnership.
H1 2027
Chamkharchhu-I Construction Expected
Construction of the 770 MW Chamkharchhu-I project is scheduled to begin, marking the physical start of this significant cross-border clean energy venture.
Today
Adani Power and Bhutan's DGPC sign an agreement to develop the 770 MW Chamkharchhu-I Hydroelectric Project.
What happens next?
Construction on the Chamkharchhu-I project is slated to begin in the first half of 2027, with commissioning targeted within six years.
Adani Power, India's leading private power producer, has forged a new partnership with Bhutan's state-owned Druk Green Power Corporation (DGPC) to develop the **770 MW Chamkharchhu-I Hydroelectric Project**. This strategic collaboration, formalized through a shareholders' agreement today, October 6, will see Adani Power hold a 49% equity stake, with DGPC retaining 51%. The run-of-river project, located in central Bhutan, is expected to commence construction in the first half of 2027 and be commissioned within six years of groundbreaking. It aims to boost Bhutan's energy security and enable surplus power exports to India during the summer.
💭 If you're wondering…
A BOOT model is a project delivery method where a private entity builds, owns, and operates a facility (like a power plant) for a specified concession period, then transfers ownership to the public sector at the end of the term.
Did this story help?
Official sources
Knowledge Chain — tap a concept