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Adani inks deal with Druk to set up 770 MW Chamkharchhu-I in Bhutan
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power Corporation Ltd (DGPC), have signed a Shareholders Agreement to develop the 770 MW Chamkharchhu-I Hydroelectric Project in Bhutan. The agreement covers project development structure, equity partnership, and implementation model for a run-of-river hydropower project planned on the Chamkharchhu River.
Chamkharchhu-I Hydroelectric Project:
| Dimension | Key Details |
|---|---|
| Project capacity and type | The project comprises a 770 MW run-of-river hydropower project. |
| Location | The project is planned on the Chamkharchhu River in the Zhemgang district of central Bhutan. |
| Equity partnership | The project is developed through a 49:51 equity partnership, with Adani Power holding 49% and DGPC holding 51%. |
| Implementation model | The project is implemented under the Build, Own, Operate, and Transfer (BOOT) model. |
| Concession period | The project comprises a 30-year concession from the date of commercial operation (COD). |
| Key components | Key project components comprise a 108-m concrete gravity dam, a 19.2-km headrace tunnel, and an underground powerhouse. |
| Utility | Chamkharchhu-I is expected to help meet Bhutan’s peak winter electricity requirements while enabling surplus generation to be exported to India during the summer. |