Reliance Power Arm and Bhutan Firm Form Renewable Energy Venture

Reliance Power Limited has taken a significant step in expanding its renewable pursuits outside India, with its associate, Reliance Enterprises Private Limited, forming a new joint venture in Bhutan. This move comes as part of growing green energy ambitions and paves the way for collaborations in hydro and solar power within the region.

Joint Venture Structure and Stakeholding

GDL–Reliance Solar Pte Ltd (GRSPL), the newly incorporated entity, was registered on July 24, 2025, under the Gelephu Mindfulness City Special Administrative Region in Bhutan. The joint venture is structured as a 50:50 partnership between Green Digital Private Limited, a state-owned enterprise managed by the Royal Government of Bhutan and Reliance Enterprises Private Limited. 

As part of the set-up process, REPL subscribed to 2,25,000 shares, each valued at $100 and fully paid in cash, establishing a 50% shareholding within GRSPL. Through this structure, Reliance Power’s indirect stake in the venture is pegged at 25%, and another 25% is indirectly controlled by Reliance Infrastructure Limited via REPL. 

The transaction, carried out on an arms-length basis, was clarified by the company to not constitute a related party deal. GRSPL is positioned to operate in the renewable and green energy segment, though business operations are yet to commence.

Governance and Forward Outlook

The initiative is situated within Bhutan’s Gelephu Mindfulness City, reflecting an international focus on sustainable infrastructure and cross-border energy initiatives. Reliance Power’s move could be seen as both a strategic and financial partnership, leveraging state-owned expertise through Green Digital Private Limited and broadening the company’s footprint in South Asia’s green energy space. As the business takes shape, further updates on project direction and operational timelines are anticipated.

Reliance Power Q1 FY26 Earnings Result 

Reliance Power reported a net profit of Rs 44.68 crore for the quarter ending in June 2025, a significant improvement compared to the net loss of Rs 97.85 crore in the same quarter of the previous year.

However, the company's sales saw a decline. They fell by 5.35% to Rs 1,885.58 crore in the quarter ending in June 2025, down from Rs 1,992.23 crore in the same quarter of the previous year.

Also Read: ₹17,000-Crore Bank Fraud Probe: ED Questions Key Executives of Anil Ambani-Led Reliance Group!

Reliance Power Share Price Performance 

As of August 19, 2025, at 9:30 AM, Reliance Power share price is trading at ₹44.30 per share, reflecting a gain of 2.36% from the previous closing price. Over the past month, the stock has declined by 30.24%.

Conclusion

As Reliance Power marks its entry into Bhutan’s renewable sector through GRSPL, the partnership highlights ongoing efforts towards sustainable energy and strategic regional collaborations. The development signifies further diversification for the group, aligning both with international ambitions and green energy priorities.

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