India Power Corporation Ties Up with Bhutan Firm for 70 MW Solar Project in Paro

India Power Corporation Limited has entered into a partnership with Bhutan’s Green Energy Power Private Limited to develop a 70 megawatt solar power facility in the Paro region of Bhutan, as per PTI report.  

The project forms part of IPCL’s strategy to build a total of 1.5 gigawatts of solar generation capacity in Bhutan over the next 5 years. 

Site Selection and Infrastructure Readiness 

The proposed solar plant will be located at Tenchuka in Paro, a site identified after an initial evaluation of terrain suitability, sunlight availability and evacuation feasibility. 

Spread across roughly 200 acres, the south-facing land benefits from strong solar exposure. The site is situated close to the Jamjee 220/33 kV substation, around 3.5 kilometres away, which is expected to facilitate seamless grid connectivity. 

Power Demand Outlook in Bhutan 

Bhutan’s electricity requirements are projected to rise sharply in the near term, supported by large urban development initiatives such as the Gelephu Mindful City, growth in power-intensive manufacturing sectors including ferrosilicon, and increasing demand from digital infrastructure and crypto-related activities. 

Although hydropower remains the backbone of the country’s energy supply, Bhutan has outlined a target of reaching 25,000 MW of installed capacity by 2034. Of this, 5,000 MW is planned to come from solar sources to diversify the generation mix. 

Statements From Project Partners 

Commenting on the development, Somesh Dasgupta, whole-time director of India Power Corporation Limited, said, "The Tenchuka project is not just a capacity addition; it reflects our commitment to cross-border energy cooperation and our goal of becoming a 1.5 GW solar player by 2030." 

Tandi Dorji, founder of Green Energy Power Private Limited, said the project would be the first independent power producer (IPP) project in Bhutan. 

Rising Indian Participation in Bhutan’s Energy Sector 

Several Indian power companies have been stepping up their presence in Bhutan. Tata Power is jointly developing large clean energy projects with Druk Green Power Corporation, while Adani Power has signed an understanding to explore major hydropower opportunities. 

Reliance Power is also investing in solar generation in partnership with Druk Holding and Investments, with plans to add further hydro capacity. 

Indian Power Corporation Share Price Performance  

As of January 30, 2026, Indian Power Corporation share price is trading at ₹8.70 per share, reflecting a decline of 0.57% from the previous closing price.  

Conclusion 

The Paro solar project strengthens India Power Corporation’s renewable portfolio in the region and highlights Bhutan’s increasing focus on solar energy alongside hydropower. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.