Reliance Group, Druk Holding to jointly develop 1,270 MW projects in Bhutan

Reliance Group, led by top businessman Anil Ambani, has forayed into Bhutan's renewable energy sector by establishing a company dedicated to promoting and investing in the country's clean and green energy sector. Jointly promoted by Reliance Group companies Reliance Infrastructure and Reliance Power, Reliance Enterprises will focus on enhancing sustainable energy solutions and implementing smart distribution and metering systems throughout Bhutan. 

As part of a strategic partnership agreement with Druk Holding and Investments (DHI), the commercial and investment arm of the Royal Government of Bhutan, Reliance Group will undertake various initiatives aimed at bolstering the investment in the renewable and green energy landscape of Bhutan.

Reliance Power President (Corporate Development) Harmanjit Singh Nagi and Druk Holding and Investments CEO Ujjwal Deep Dahal signed the agreement on Wednesday in the presence of Anil Ambani.

The partnership between Reliance Group and Druk Holding will focus on green energy generation, specifically solar and hydropower initiatives, while also exploring innovative green technologies. The Anil Ambani-led group will collaborate with government-owned companies in Bhutan to implement infrastructure projects that support the country's net-zero goals.

Reliance Group said the initiative underscores its long-term commitment to Bhutan and its renewable energy landscape, and reflects a dedication to sustainable development while drawing inspiration from Bhutan's renowned Gross National Happiness Index, aiming to promote both economic growth and the well-being of people.

500 MW Solar Project

The newly formed Reliance Enterprises has partnered Druk Holding to jointly develop a 500 MW solar power plant in Gelephu Mindfulness City, Bhutan. Set to be executed over the next two years in two phases of 250 MW each, the project represents a significant milestone in Bhutan's renewable energy journey.

"This initiative will also mark the single largest investment in Bhutan's renewable energy sector and the largest foreign direct investment (FDI) by an Indian company in the country," according to Reliance Group. 

770 MW Chamkharchhu-1 Hydro Project

Reliance Power and Druk Holding have announced plans to jointly develop a 770 MW Chamkharchhu-1 hydro project. Classified as a run-of-the-river project, this development represents a joint venture between Bhutan and a private sector company in India.

“The partnership between Reliance Enterprises and Druk Holding leverages the strengths of both organizations in the areas of green energy and development. We are pleased to be partnering with Reliance and together we are committed to delivering world-class clean energy projects that will benefit both India and Bhutan," said Dahal of Druk Holding and Investments. 

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