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Adani Signs MoU For Green Hydro Plant In Bhutan

18 June 20243 mins read by Angel One
Gautam Adani, Chairman of the Adani Group has announced the signing of an agreement with Bhutan for a 570 MW green hydroelectric plant in Chukha province.
Adani Signs MoU For Green Hydro Plant In Bhutan
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Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The Adani group has a widescale presence across 70 countries. The Adani group listed stocks include Adani Enterprises, Adani Power, Adani Ports, Adani Green Energy, Adani Total Gas, Adani Wilmar, Adani Energy Solutions, ACC, Ambuja Cements and NDTV.

Adani signs MoU for green hydro plant in Bhutan

Adani Group Chairman Gautam Adani met with Bhutan Prime Minister Tshering Tobge to sign a Memorandum of Understanding with Druk Green Power Corporation for a 570 MW hydroelectric plant in Chukha Province. Adani also had a meeting with King Jigme Khesar Namgyal Wangchuck, praising the king’s vision for Bhutan. Adani expressed admiration for the king’s commitment to sustainable development and innovation, underscoring the potential for future collaborations that align with Bhutan’s green initiatives and technological advancements. The agreement marks a significant step in strengthening the economic and environmental ties between India and Bhutan.

Gautam Adani Felt Inspired by the King’s vision

Gautam Adani felt inspired by Bhutan’s King Jigme Khesar Namgyel Wangchuck, particularly by the King’s forward-thinking vision for the nation’s future. He was especially impressed with the eco-friendly master plan for Gelephu Mindfulness City, a project that embodies sustainable development and environmental stewardship. Adani highlighted how the King’s initiatives serve as a model for balancing progress with ecological responsibility.

Conclusion: The agreement between Adani Group and Bhutan’s Druk Green Power Corporation represents a significant milestone in enhancing bilateral cooperation between India and Bhutan. The establishment of the 570 MW hydroelectric plant in Chukha Province is expected to boost Bhutan’s renewable energy capacity and contribute to sustainable development. Gautam Adani’s meetings with Prime Minister Tshering Tobge and King Jigme Khesar Namgyal Wangchuck underscore the mutual commitment to eco-friendly and technologically advanced initiatives.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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