Adani Power and Druk Green Power Sign a 770 MW Chamkharchhu-I Hydropower Agreement in Bhutan

6 October 2026National

Adani Power and Bhutan's state utility Druk Green Power Corporation (DGPC) signed an agreement on 6 October 2026 to build the 770 MW Chamkharchhu-I hydroelectric project in Zhemgang district, Bhutan, on a Build-Own-Operate-Transfer model with a 30-year concession, DGPC holding 51% equity and Adani Power 49%. Construction is to begin in the first half of 2027, with commissioning expected about six years after groundbreaking. It is the second project under the 5,000 MW hydropower MoU the two signed in May 2025, following the 570 MW Wangchhu project agreed in September 2025, and surplus generation will be exported to India.

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Bhutan's capital is Thimphu and its currency the Ngultrum, pegged at par with the Indian rupee | Druk Green Power Corporation is Bhutan's state-owned generation utility; hydropower is Bhutan's largest export earner and India its principal market | Major India-assisted Bhutanese hydel projects include Chukha, Tala, Kurichhu, Mangdechhu and the under-construction Punatsangchhu-II

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