Ahmedabad (Gujarat), India, May 8 (ANI): The
Adani Group
and the Druk Green Power Corporation (DGPC) of
Bhutan
have entered into a significant Memorandum of Understanding (MoU) to jointly develop 5,000 MW of hydropower projects.
Bhutan
jointly.
The Memorandum of Understanding was signed in Thimphu by the Managing Director of DGPC.
Dasho Chhewang Rinzin
and
Adani Green Hydro
In the presence of the Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering, and other distinguished guests, Ltd.’s COO (PSP & Hydro), Naresh Telgu, was present.
The Memorandum of Understanding expands upon the continuing collaboration for the 570/900 MW Wangchhu Hydropower Project, where DGPC will maintain a controlling share of 51 percent, with Adani holding the remaining 49 percent.
The larger 5,000 MW plan will include various hydropower and pumped storage initiatives that will be pinpointed, have their Detailed Project Reports compiled, and then move toward phased execution.
“This collaboration underscores our strong dedication to building clean energy infrastructure aimed at bolstering regional energy security,” stated Naresh Telgu, COO (PSP & Hydro).
Adani Green Hydro
Ltd.
Alongside DGPC, he mentioned that they are making this possible.
Bhutan
To utilize its hydroelectric capabilities and supply consistent clean power to India. “This serves as a strong instance of international cooperation towards achieving common sustainability objectives,” he stated.
Dasho Chhewang Rinzin
, MD DGPC stated that the strategic alliance with Adani will further reinforce their robust collaboration with the Indian government in leveraging
Bhutan
Its plentiful hydroelectric power resources serve as the foundation for the exemplary and cordial relationship between our two nations.
“I am excited about advancing our collaboration with Adani and gaining insights from their remarkable achievements worldwide,” he stated.
DGPC is
Bhutan
As the leading hydropower company, possesses extensive expertise in overseeing the country’s sustainable energy assets. It holds a crucial position in
Bhutan
Let’s embark on a clean energy voyage, fostering national energy security and sustainable growth. By forming these alliances, DGPC is also working to bolster
Bhutan
‘ role in regional energy collaboration.
The
Adani Group
India’s premier infrastructure and renewable energy company, leveraging its deep-seated proficiency in project development, finance, and market entry. This entity will provide assistance.
Bhutan
In expanding its hydropower capabilities and easing entry into Indian energy markets.
Through this partnership, Adani will guarantee consistent power acquisition and seamless incorporation into India’s commercial electricity markets, thereby strengthening
Bhutan
‘ s part in the local energy exchange.
The collaboration has strong support from the Royal Government.
Bhutan
along with the Government of India, emphasizing a common objective for developing clean energy and boosting economic integration.
This initiative is also consistent with
Bhutan
‘S Renewable Energy Roadmap, aiming for an extra 20,000 MW of power generation capacity by the year 2040.
The plan emphasizes expanding into solar and geothermal energy sectors, while also promoting alliances aimed at drawing investments and fostering innovation.
As another key development, DGPC and Adani also signed off on the Shareholders’ Agreement for the Wangchhu Project, highlighting substantial strides in their joint endeavors to move this initiative forward.
Bhutan
‘s hydropower sector. (ANI)
Provided by SyndiGate Media Inc.
Syndigate.info
).
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