New Delhi, Sept. 6 -- Adani Power, India's largest private power producer, and Druk Green Power Corp. Ltd. (DGPC), Bhutan's state-owned generation utility, signed the Shareholders Agreement (SHA) for setting up a 570 MW Wangchhu hydroelectric project in the Himalayan Kingdom of Bhutan.

An in-principle understanding on the Power Purchase Agreement (PPA) was also initialled. Most importantly, the developers also signed the Concession Agreement (CA) for the project with the Royal Government of Bhutan, the company said in a release.

These Agreements, signed in the presence of the Prime Minister of Bhutan, Dasho Tshering Tobgay and Gautam Adani, Chairman, Adani Group, pave the way for Adani Power and DGPC to initiate the implementation of th...