Adani Power signs 770-MW Bhutan hydropower pact
In short
Adani Power signed a pact with Bhutan’s Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The deal is in a 49:51 partnership, and construction is expected to start in the first half of 2027.
The shares rose 2% after the announcement. The project could add clean power for Bhutan and exports to India, but the full financial terms are not stated.
What the reporting says
Adani Power shares rose 2% after the company signed a pact with Bhutan’s Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The project will be built through a 49:51 partnership and construction is expected to begin in the first half of 2027. The reporting also says it is part of a broader 5,000-MW programme, while the market reaction and final project timeline beyond that remain unknown.
Why it matters
Adani Power and Bhutan’s Druk Green Power Corporation agreed to develop the 770-MW Chamkharchhu hydropower project in a 49:51 partnership. The reporting says construction is expected to begin in the first half of 2027 and that the project sits within a larger 5,000-MW hydropower programme. The immediate market response was a 2% rise in Adani Power shares. The exact commercial terms and full project schedule are not stated.