Reliance Power Partners With Bhutan For Country's Largest Ever Solar Energy Project At Rs 2000 Cr

Reliance Power announced on Monday that it has partnered with Green Digital Private Limited, a Bhutan government-owned company, to build the country’s largest solar power plant.

The project will generate 500 MW of electricity and is a major step toward clean energy in the region.

It’s a 50-50 joint venture between Reliance Power and Bhutan’s Druk Holding and Investments (DHI). With a cost of up to ₹2,000 crore, it’s the biggest private investment in Bhutan’s solar sector so far.

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"The landmark solar investment in Bhutan underscores Reliance Group’s strategic focus on expanding its renewable energy portfolio while reinforcing its long-term commitment to strengthening India-Bhutan economic cooperation. Reliance Power’s total clean energy pipeline stands at 2.5 GWp solar and >2.5 GWhr BESS, making it India’s largest player in the integrated Solar + BESS segment," said the company in a statement.

"This milestone transaction highlights Reliance Power’s continued focus on capital deployment into high-impact, long-duration clean energy assets, while strengthening its strategic positioning in the regional power infrastructure space," it added.

The new solar plant will benefit both Bhutan and its neighbors, including India, by providing more clean energy. Reliance Power said in a filing that the electricity will be sold to Green Digital through a long-term agreement.

The company has already started looking for contractors through a competitive bidding process to ensure quality work at a fair price. It is also in talks with banks and other lenders to arrange funding for the project.

This solar project is part of a larger plan that began in October 2024, when Reliance Enterprises—a joint venture of Reliance Power and Reliance Infrastructure—partnered with DHI.

That earlier agreement included working together on the 770 MW Chamkharchhu-I hydroelectric project, which supports Bhutan’s clean energy goals.

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