Adani Group to undertake 10 GW hydroelectric projects abroad

11 Oct 2024 CW Team

Billionaire Gautam Adani, whose business interests range from rice to cement, announced in 2022 that the group intends to invest $100 billion over the next decade to enhance its green energy capabilities. This includes plans to establish the world's largest solar energy park in western India.

The sources indicated that the group is considering hydroelectric projects in various countries, including Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam. They chose not to be named due to the confidential nature of the discussions.

While the group primarily focuses on building pumped hydro storage in India, it is also interested in countries with favourable topography and a high demand for hydropower. Through its green energy subsidiary, Adani Green Energy, the group currently operates 11.2 gigawatts of renewable energy projects and aims to increase this capacity to 50 gigawatts by 2030, as noted on the company’s website.

The Adani Group did not respond to a request for comment. One of the sources mentioned that the evaluation process is on-going in several countries, with discussions primarily occurring with government entities and some private parties.

In June, Gautam Adani announced that the group had signed an agreement with the government of Bhutan to construct a 570-megawatt hydro power plant in the Chhukha province. Additionally, the group is evaluating the construction of a 700-megawatt project at Chamkarchu in Bhutan, where work can commence immediately due to the necessary approvals being in place, according to two of the four sources.

The Adani Group plans to construct 10 gigawatts of hydroelectric projects overseas in the coming years, according to four sources familiar with the plans who spoke to Reuters. This initiative will assist the conglomerate in achieving its goal of net-zero carbon emissions by 2050. Billionaire Gautam Adani, whose business interests range from rice to cement, announced in 2022 that the group intends to invest $100 billion over the next decade to enhance its green energy capabilities. This includes plans to establish the world's largest solar energy park in western India. The sources indicated that the group is considering hydroelectric projects in various countries, including Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam. They chose not to be named due to the confidential nature of the discussions. While the group primarily focuses on building pumped hydro storage in India, it is also interested in countries with favourable topography and a high demand for hydropower. Through its green energy subsidiary, Adani Green Energy, the group currently operates 11.2 gigawatts of renewable energy projects and aims to increase this capacity to 50 gigawatts by 2030, as noted on the company’s website. The Adani Group did not respond to a request for comment. One of the sources mentioned that the evaluation process is on-going in several countries, with discussions primarily occurring with government entities and some private parties. In June, Gautam Adani announced that the group had signed an agreement with the government of Bhutan to construct a 570-megawatt hydro power plant in the Chhukha province. Additionally, the group is evaluating the construction of a 700-megawatt project at Chamkarchu in Bhutan, where work can commence immediately due to the necessary approvals being in place, according to two of the four sources.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..