Adani Power Ltd has signed a Shareholders Agreement (SHA) with the state-owned Druk Green Power Corporation (DGPC) of Bhutan to develop the 770 MW Chamkharchhu-I Hydroelectric Project.
The project is located on the Chamkharchhu River in the Zhemgang District of Bhutan. It is to be noted that this venture marks the second major hydropower collaboration between both companies.
Union Minister Dr S Jaishankar visited Bhutan at the invitation of the Foreign Minister of Bhutan DN Dhungyel to review bilateral cooperation. During the visit, he held high-level meetings with the King of Bhutan Jigme Khesar Namgyel Wangchuck and PM Tshering Tobgay.
He launched 5 developmental initiatives in the fields of healthcare, connectivity, agriculture, clean mobility, and energy. Both nations reviewed the progress of the Punatsangchhu-I (1,200 MW) and Punatsangchhu-II (1,020 MW) Hydroelectric Projects under the ‘Joint Vision on Energy Partnership’ (March 2024).
India has extended a concessional Line of Credit (LoC) worth ₹4,000 crore to Bhutan for projects in the energy sector to enhance infrastructure and hydropower development.
JSW Neo Energy Ltd (JSWNEL), a subsidiary of JSW Energy, has signed an agreement with the Druk Green Power Corporation Ltd (DGPC) of Bhutan to jointly develop the 920 Megawatt (MW) Punatsangchhu-III Hydroelectric Project.
The project is located on the Punatsangchhu River in the Wangdue Phodrang District of Bhutan.
The development will be executed through a Joint Venture (JV) company on a Build-Own-Operate-Transfer (BOOT) basis.
Under the agreement, DGPC will hold a 51% stake in the JV, while JSWNEL will hold the remaining 49% stake.
Tata Power Company Ltd (TPCL) has signed an MoU with the Bhutan-based state-owned utility, Druk Green Power Corporation Ltd (DGPC), to establish a clean energy cooperation framework.
The partnership aims to develop 5,000 Megawatt (MW) of clean energy capacity in Bhutan.
The 7th Joint Group of Customs (JGC) meeting between India and Bhutan was held in Munnar, Keralam. The session was co-chaired by Yogendra Garg, Special Secretary and Member (Customs) of the Central Board of Indirect Taxes and Customs (CBIC), and his Bhutanese counterpart Sonam Jamtsho.
India is the largest trading partner of Bhutan, accounting for 80% of the total trade volume of Bhutan. Bilateral trade between the two nations reached over $1.9 billion in FY25, showing a growth of more than 46% compared to FY24.