Adani Power Forms JV with Bhutan’s Druk Green Power Corp for Hydroelectric Project; Share Price Surges Over 4%

Adani Power Limited and Bhutan’s state-owned Druk Green Power Corp. Ltd. (DGPC) have jointly formed a public company titled Wangchhu Hydroelectric Power Limited (WHPL) to develop a 570 MW hydroelectric project at Wangchhu, Bhutan. 

Financial Structure and Ownership

WHPL has been registered with a 49:51 ownership structure between APL and DGPC, and its Certificate of Incorporation was issued by the Corporate Regulatory Authority of Bhutan on 16 October 2025.

The company has an authorised capital of Nu. 30 billion, divided into 300 million shares of Nu. 100 each. The initial capital includes Nu. 490 million contributed by Adani Power and Nu. 510 million by Druk Green Power. Adani Power holds a 49% equity stake, subscribed fully in cash. 

Since the company has only recently been formed, its business operations have yet to begin, and no turnover has been recorded. The acquisition does not fall under related party transactions, and no promoter or group company has any interest in the entity.

Project Objective and About the Company

The joint venture’s objective is to generate, distribute, and supply electricity, consistent with Adani Power’s main line of business. Based in Bhutan, WHPL operates within the power generation sector, marking a strategic step in Adani Power’s renewable energy expansion alongside Bhutan’s national power utility.

Adani Power Limited, part of the Adani Group, is one of India’s leading private power producers headquartered in Ahmedabad. The company focuses on power generation, transmission, and distribution, with a growing presence in renewable and hydroelectric projects to promote sustainable energy development.

Read More: Adani Power Shares Rise for the 3rd Straight Day: Key Drivers Behind the Surge!

Adani Power Share Price Performance 

As of October 17, 2025, at 1:30 PM, Adani Power share price is trading at ₹164.25 per share, reflecting a surge of 4.37% from the previous day's closing price.

Conclusion

The partnership between Adani Power and Druk Green Power strengthens cross-border energy collaboration and supports sustainable development. With WHPL’s establishment, both nations aim to enhance renewable power generation and regional energy integration, contributing to cleaner, reliable electricity and long-term socio-economic growth in Bhutan and neighbouring regions.

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