Reliance Group, Druk Holding to jointly develop 1,270 MW projects in Bhutan
The Reliance Group, led by business magnate Anil Ambani, has entered the renewable energy sector in Bhutan 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 developing sustainable energy solutions and implementing smart distribution and metering systems across Bhutan.
As part of a strategic partnership agreement with Druk Holding and Investments (DHI), the trade and investment arm of the Royal Government of Bhutan, Reliance Group will undertake various initiatives aimed at strengthening investment in the renewable and green energy landscape of Bhutan.
Reliance Power President (Business 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, particularly in solar and hydroelectric systems, while also exploring new green technologies. The Anil Ambani-led group will work with government agencies in Bhutan to implement infrastructure projects that support the country’s net-zero goals.
The Reliance Group said the move underscores its long-term commitment to Bhutan and its renewable energy status, and demonstrates a commitment to sustainable development while drawing inspiration from Bhutan’s Gross National Happiness Index, which aims to promote both economic growth and human well-being. .
500 MW Solar Project
Newly established Reliance Enterprises has partnered with Druk Holding to jointly develop a 500 MW solar power plant in Gelephu Mindfulness City, Bhutan. Scheduled to be implemented over the next two years in two phases of 250 MW each, the project represents a milestone in Bhutan’s renewable energy journey.
“The program 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 the Reliance Group.
770 MW Chamkharchhu-1 Hydro Project
Reliance Power and Druk Holding have announced plans to jointly develop the 770 MW Chamkharchhu-1 hydro project. Considered a run-of-the-river project, this development represents a collaboration between Bhutan and a private company in India.
“The partnership between Reliance Enterprises and Druk Holding enhances the capabilities of both organizations in the field of green energy and development. We are happy to work with Reliance and together we are committed to deliver world-class clean energy projects that will benefit India and Bhutan,” said Dahal of Druk Holding and Investments.
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