Adani Power Shares Rise Over 1.5% After Signing 770 MW Hydropower Pact in Bhutan

Adani Power shares moved higher in early trade on Tuesday after the company announced another major hydropower partnership in Bhutan, expanding its involvement in the country’s renewable energy sector. 

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

The stock gained 1.58% to Rs 204.18 on the NSE at 9:27 am after Adani Power said it would partner with Bhutan’s Druk Green Power to develop the 770 MW Chamkharchhu-I Hydroelectric Project. 

The project will be developed through a 49:51 equity partnership between Adani Power and Druk Green Power. 

Construction Expected to Begin in 2027 

Chamkharchhu-I project will be developed along the Chamkarchhu river located in Zhemgang District, central Bhutan. 

As a peaking run-of-river hydroelectric power plant, construction of the project is scheduled to start in the first half of 2027. Completion of the project is likely to be achieved in six years since construction commences. 

The project will be developed using a Build, Own, Operate and Transfer business model, where the partnership is granted a 30-year concession starting from the date of commencement of commercial operations. 

Chamkharchhu-I project is one of the many projects within a big hydropower partnership between the Adani group and the Royal Government of Bhutan. 

A memorandum of understanding was signed in May 2025 between the two sides concerning joint exploration of 5,000 MW of hydropower generation potential in the country. 

Second Major Hydropower Partnership in Bhutan 

Chamkharchhu-I is not the first project bringing Adani Power and Druk Green Power together. 

The two companies had earlier signed an agreement in September 2025 for the development of the 570 MW Wangchhu Hydroelectric Project. 

Both organisations are also evaluating additional opportunities under the broader 5,000 MW hydropower development programme. 

Project to Support Bhutan and Export Excess Energy to India 

According to expectations, the Chamkharchhu-I project will be useful for Bhutan in two ways when it is ready for implementation. 

Firstly, it is anticipated that during winter season, it will be helpful to Bhutan in meeting the requirements of peak electricity demands. Second, surplus green energy produced during summer can be exported to India. 

According to Adani Power managing director Anil Sardana, hydropower would play a significant role in energy transition in South Asia, while the project will help in increasing energy security and reducing carbon intensity. 

Druk Green Power managing director Dasho Chhewang Rinzin commented that the association would help in continuing Bhutan’s journey of hydropower development as well as long-standing energy ties with India. 

The stock price movement of Tuesday came after the announcement of a second major hydropower partnership with Druk Green Power. With the addition of 770 MW Chamkharchhu-I project, both companies would be continuing in searching new ways in terms of hydropower program in Bhutan.