Adani Group and Bhutan’s Druk Green Power Corporation (DGPC) have started development of the 570MW Wangchhu hydroelectric project in Bhutan, as reported by Indian news agency ANI.
The foundation stone for the project was laid in the presence of Bhutan’s Prime Minister, Tshering Tobgay, and Adani Group chairman Gautam Adani, signalling the official start of construction.
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The initiative follows the signing of key agreements in September 2025, including a Shareholders Agreement and a Concession Agreement with the Bhutanese Government.
The Wangchhu project forms part of a wider collaboration initiated in May 2025, when Adani Group and DGPC agreed to jointly develop 5GW of hydropower projects in Bhutan.
DGPC will maintain a controlling 51% interest in the Wangchhu hydropower project, with Adani Group holding the remaining 49%.
The project is expected to require an investment of approximately $666m and will operate on a build, own, operate, transfer model.
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By GlobalDataPreparation for the Wangchhu plant included completion of a detailed project report.
The project is set for completion within five years of ground-breaking. It marks the first hydroelectric venture to result from the partnership between Adani Group and DGPC under a memorandum of understanding (MoU) signed in May 2025.
Gautam Adani stated on X: “Indeed, a visionary initiative of His Majesty King Jigme Khesar Namgyel Wangchuck that reflects Bhutan’s enduring commitment to mindful and sustainable development.
“In a significant step for our energy partnership, we advanced key milestones by signing an MoU for 5,000MW of hydropower and officially commencing the 570MW Wangchhu Hydro Electricity Project. I am sincerely grateful for the presence of Hon’ble Prime Minister Dasho @tsheringtobgay at the ceremony to mark this occasion.”
Adani Group and DGPC have been in talks regarding additional hydropower projects as part of their partnership.
Adani added: “We will continue to strengthen this partnership rooted in sustainability, trust and long-term value.”
