Who signed a power purchase agreement in Bhutan?

A power purchase agreement and a concession agreement were signed in this regard in the presence of Prime Minister of Bhutan, Dasho Tshering Tobgay and Gautam Adani, Chairman, Adani Group, a company statement said.

Will Bhutan add 5000 MW of hydropower by 2040?

He underlined Bhutan’s target of adding 15,000 MW of hydropower and 5,000 MW of solar capacity by 2040, positioning clean energy at the core of its economic growth. The Wangchhu project is the first to be executed under a broader agreement signed in May 2025 between Adani Group and DGPC to jointly develop 5,000 MW of hydropower in Bhutan.

Will Adani Group and DGPC jointly develop hydropower in Bhutan?

The Wangchhu is the first hydroelectric project to be taken up under an MoU signed in May 2025 between Adani Group and DGPC for jointly developing 5,000 MW of hydropower in Bhutan. Adani Group and DGPC are engaged in further discussions for future projects under this strategic partnership.

Will the Wangchhu hydroelectric project meet Bhutan's peak winter demand?

"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, Adani Power.

What will DGPC do for Bhutan?

DGPC Managing Director Dasho Chhewang Rinzin said the partnership would fast-track project implementation and establish benchmarks for future projects. He underlined Bhutan’s target of adding 15,000 MW of hydropower and 5,000 MW of solar capacity by 2040, positioning clean energy at the core of its economic growth.

Why is hydropower a major economic force in Bhutan?

Thus, hydropower is regarded as the main economic force. Bhutan has been able to attain 99.9% grid electricity reach to every family thanks to its affordable and dependable hydroelectric electricity. This has also allowed the country’s energy-intensive sectors to flourish, which has spurred economic growth.