Thimphu, May 9 -- : The Adani Group and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark Memorandum of Understanding (MoU) to jointly develop 5,000 MW of hydropower projects in Bhutan.

The MoU was signed here by DGPC's MD Dasho Chhewang Rinzin and Adani Green Hydro Ltd's COO, PSP & Hydro, Naresh Telgu, in the presence of Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other senior dignitaries.

This MoU builds on the ongoing partnership for the 570/900 MW Wangchhu Hydropower Project, in which the DGPC will hold a majority 51 per cent stake and the Adani Group will hold 49 per cent. The broader 5,000 MW initiative will encompass additional hydropower and pump...