New Delhi, May 9 -- New Delhi: Adani Group and the Druk Green Power Corp. (DGPC) have signed a memorandum of understanding (MoU) to jointly develop 5,000 MW of hydropower projects in Bhutan.

DGPC is a subsidiary ofDruk Holding and Investments Ltd, Bhutan's government-owned holding company with investments across sectors such as manufacturing, energy, natural resources, financial services, and communication.

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The MoU was signed in Thimphu, Bhutan's capital, by DGPC's managing director, Dasho Chhewang Rinzin and Adani Green Hydro Ltd's chief operating officer (PSP & Hydro) Naresh Telgu.

This tie-up builds on the ongoi...