Anil Ambani’s Reliance Group, in partnership with Druk Holding and Investments Ltd. (DHI), the commercial arm of the Royal Government of Bhutan, has announced major renewable energy initiatives in Bhutan. The strategic partnership will focus on green energy generation, with the development of a 500 MW solar power plant in Gelephu Mindfulness City and a 770 MW Chamkharchhu-1 hydroelectric project.
Key Highlights:
- Reliance Enterprises Private Limited (REPL), a newly formed company by Reliance Infrastructure and Reliance Power, will lead the initiatives to promote investment in Bhutan’s renewable and green energy sector.
- The 500 MW solar plant will be developed in two phases of 250 MW each over the next two years. Once completed, it will be the largest solar installation in Bhutan, significantly contributing to the country’s clean energy generation and efforts to combat climate change.
- The 770 MW Chamkharchhu-1 hydroelectric project, a run-of-the-river venture, is classified under a concession model in alignment with Bhutan’s national policy. This project will add substantial power capacity to Bhutan’s existing generation capabilities of 2,452 MW.
This strategic agreement underscores Reliance Group’s commitment to sustainable energy development, aiming to enhance the renewable energy landscape of Bhutan while furthering its clean energy goals. The collaboration also represents the largest foreign direct investment (FDI) by an Indian private company in Bhutan’s renewable energy sector.
Anil Ambani, Chairman of Reliance Group, and Ujjwal Deep Dahal, CEO of Druk Holding, expressed optimism about the partnership’s potential to drive green energy projects that will benefit both Bhutan and India. The projects will support Bhutan’s ambitions for a net-zero economy, reinforcing its commitment to the environment and clean energy.
These initiatives align with Bhutan’s vision of sustainable development and Gross National Happiness (GNH), promoting economic growth while ensuring the well-being of its citizens.
