Reliance and Druk join for 1,270 MW Bhutan renewable energy projects

08 Oct 2024 CW Team

The deal was formalised with the signing ceremony attended by Harmanjit Singh Nagi, President (Corporate Development) of Reliance Power Ltd., and Ujjwal Deep Dahal, CEO, Druk Holding, in the presence of Anil Ambani. The collaboration aims to bolster Bhutan’s renewable energy infrastructure, supporting the country’s journey towards its net-zero targets.

As part of the agreement, Reliance Group will first work with Druk Holding to establish a 500 MW solar power plant in Gelephu Mindfulness City, to be executed in two phases of 250 MW each. This solar facility will be the largest of its kind in Bhutan. Land for the project has been allocated, and joint teams, including external consultants, are currently conducting technical studies and site assessments.

Additionally, the partnership will focus on developing the 770 MW Chamkharchhu-1 hydroelectric project, a run-of-the-river facility that will significantly expand Bhutan’s current installed power capacity of 2,452 MW. The project symbolizes a rare collaboration between a Bhutanese state-owned entity and a private Indian company, reinforcing Bhutan’s green energy ambitions.

To support these initiatives, Reliance Group announced the creation of a new flagship entity, Reliance Enterprises, which will spearhead investments in Bhutan’s renewable energy sector. Jointly promoted by Reliance Infrastructure Ltd. and Reliance Power Ltd., the new company will focus on sustainable energy solutions and smart distribution systems, aligning with Bhutan’s Gross National Happiness Index, which values economic progress alongside citizen well-being. (ET)

Anil Ambani-led Reliance Group has entered into a strategic partnership with Bhutan’s Druk Holding and Investments Ltd. (DHI) to develop a total of 1,270 MW of renewable energy projects, focusing on solar and hydropower. This agreement marks the largest foreign direct investment (FDI) by an Indian company in Bhutan’s green energy sector. The deal was formalised with the signing ceremony attended by Harmanjit Singh Nagi, President (Corporate Development) of Reliance Power Ltd., and Ujjwal Deep Dahal, CEO, Druk Holding, in the presence of Anil Ambani. The collaboration aims to bolster Bhutan’s renewable energy infrastructure, supporting the country’s journey towards its net-zero targets. As part of the agreement, Reliance Group will first work with Druk Holding to establish a 500 MW solar power plant in Gelephu Mindfulness City, to be executed in two phases of 250 MW each. This solar facility will be the largest of its kind in Bhutan. Land for the project has been allocated, and joint teams, including external consultants, are currently conducting technical studies and site assessments. Additionally, the partnership will focus on developing the 770 MW Chamkharchhu-1 hydroelectric project, a run-of-the-river facility that will significantly expand Bhutan’s current installed power capacity of 2,452 MW. The project symbolizes a rare collaboration between a Bhutanese state-owned entity and a private Indian company, reinforcing Bhutan’s green energy ambitions. To support these initiatives, Reliance Group announced the creation of a new flagship entity, Reliance Enterprises, which will spearhead investments in Bhutan’s renewable energy sector. Jointly promoted by Reliance Infrastructure Ltd. and Reliance Power Ltd., the new company will focus on sustainable energy solutions and smart distribution systems, aligning with Bhutan’s Gross National Happiness Index, which values economic progress alongside citizen well-being. (ET)

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..