Adani Power has signed a shareholders’ agreement with Bhutan’s state-owned Druk Green Power Corporation (DGPC) to develop the 770MW Chamkharchhu-I Hydroelectric Project in central Bhutan.
The project will be built on the Chamkharchhu River in Zhemgang district, with construction expected to begin in the first half of 2027 and commissioning targeted within six years.
The peaking run-of-river project will be developed through a 49:51 joint venture, with Adani Power holding 49% equity and DGPC retaining 51%.
Under the Build, Own, Operate and Transfer (BOOT) model, the project will have a 30-year concession period from commercial operation. It is expected to help meet Bhutan’s peak electricity demand during winter, with surplus power exported to India during summer.
The agreement marks the second major hydropower partnership between the two companies, following their agreement on the 570MW Wangchhu Hydroelectric Project in September 2025.
