Anil Ambani led Reliance Group has entered into a strategic partnership agreement with Druk Holding and Investments Ltd (DHI), the commercial and investment arm of the Royal Government of Bhutan, to develop major solar and hydropower projects in Bhutan while also exploring innovative green technologies. Reliance Group will collaborate with government-owned companies in Bhutan to implement infrastructure projects that support Bhutan’s net-zero goals.
Reliance Group has established a new flagship company, Reliance Enterprises, to promote investment in Bhutan’s renewable and green energy sector. Jointly promoted by Reliance Infrastructure Ltd and Reliance Power Ltd, Reliance Enterprises will focus on enhancing sustainable energy solutions and implementing smart distribution and metering systems throughout Bhutan.
500 MW solar project
The newly formed Reliance Enterprises has partnered up with Druk Holding to jointly develop a 500 MW solar power plant in Gelephu Mindfulness City, Bhutan. This project will be executed over the next two years in two phases of 250 MW each. Once completed, the solar plant will be Bhutan’s largest PV installation.
“Land for the project has been earmarked, and a technical team comprising experts from Reliance, Druk Holding, and external consultants is actively engaged in site assessments and technical studies. 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,” stated Reliance Group.
770 MW Chamkharchhu-1 hydro project
In addition to the solar initiative, Reliance Group company, Reliance Power Ltd and Druk Holding have announced plans to jointly develop the 770 MW Chamkharchhu-1 hydro project. It is classified as a run-of-the-river project. With Bhutan’s current installed power generation capacity at 2,452 MW, this project is particularly significant as it represents a joint venture between Bhutan and a private sector company in India.
Reliance Group is a diversified conglomerate. Among its key ventures is Reliance Power, a power generation company in India with a total installed capacity of 5,340 MW, including the 4,000 MW Ultra Mega Power Project in Sasan, Madhya Pradesh—currently the largest integrated thermal power plant in the world. Two prominent companies under the Reliance Group umbrella, Reliance Infrastructure and Reliance Power, are nearly debt-free.
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