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Anil Ambani-led Reliance Group has entered into a strategic partnership with Druk Holding and Investments Ltd (DHI), the commercial and investment arm of the Royal Government of Bhutan, to spearhead the development of significant solar and hydropower projects in the country. This collaboration aims to contribute to Bhutan’s net-zero goals, while also exploring cutting-edge green technologies.
As part of the partnership, Reliance Group has established a new entity, Reliance Enterprises, to promote investment in Bhutan’s renewable and green energy sector. The company, jointly promoted by Reliance Infrastructure Ltd and Reliance Power Ltd, will focus on enhancing sustainable energy solutions, smart distribution, and metering systems across Bhutan.
Reliance Enterprises and Druk Holding have announced plans to develop a 500 MW solar power plant in Gelephu Mindfulness City, Bhutan. The project will be executed in two phases, with each phase delivering 250 MW of solar power. Once completed, this will become Bhutan’s largest PV installation.
Reliance Group stated: “Land for the project has been earmarked, and technical teams comprising experts from Reliance, Druk Holding, and external consultants are actively engaged in site assessments and technical studies. This initiative represents the largest foreign direct investment (FDI) by an Indian company in Bhutan’s renewable energy sector.”
In addition to the solar venture, Reliance Power Ltd and Druk Holding have also announced plans to co-develop the 770 MW Chamkharchhu-1 hydro project, a run-of-the-river initiative. With Bhutan’s current installed power capacity at 2,452 MW, this project holds significance as one of the largest collaborations between Bhutan and an Indian private sector company in the renewable energy space.
Reliance Power, a key venture under the Reliance Group, currently has a total installed capacity of 5,340 MW, including the 4,000 MW Ultra Mega Power Project in Sasan, Madhya Pradesh—the world’s largest integrated thermal power plant. Both Reliance Infrastructure and Reliance Power are nearly debt-free, further bolstering the group’s capacity to undertake large-scale renewable energy initiatives. |
