Adani Group has commenced work on the 570 MW Wangchhu hydropower project in Bhutan at a time when Gulf capital is actively hunting long-duration green assets across South Asia. The project will see Bhutan’s Druk Green Power Corporation hold 51% and Adani 49%, according to a post on X by Gautam Adani.

Why it matters: Abu Dhabi’s International Holding Company has already funneled USD 2 bn into Adani’s green portfolio, specifically eyeing business avenues in MENA. Adani’s ability to execute giga-scale renewable projects in complex terrains like Bhutan serves as technical assurance for Gulf investors looking to co-invest in regional energy transitions.

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Scale counts: Wangchhu is the first project under a May 2025 pact between India and Bhutan to jointly develop 5 GW of hydropower in Bhutan. The Wangchhu plant entails investment of about INR 60 bn (USD 670 mn) and is slated for completion within five years, as per ANI.

Gelephu connection: Gautam Adani is a founding member of the Gelephu Mindfulness City (GMC), a 1k sq km special administrative region in Bhutan. GMC is being posited as an economic gateway in Bhutan mirroring Saudi Arabia’s Neom or the UAE’s Masdar City models, seeking to attract global FDIs into green tech and fintech.

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