Reliance Power Signs PPA For ₹20 Billion Solar Project In Bhutan

Reliance Power Ltd. on Monday said it has signed a power purchase agreement with Green Digital Pvt. Ltd. for its upcoming 500 MW solar energy project in Bhutan.

In October 2024, the company signed an agreement with Bhutan to develop the solar project through a joint venture with Druk Holding and Investments Ltd., the investment arm of the Royal Government of Bhutan. The capital outlay for the project is estimated at ₹20 billion, with Reliance Power and Druk Holding each holding a 50% stake.

Green Digital is owned by Druk Holding. The project, to be executed under a build-own-operate model, will be the largest foreign direct investment in Bhutan’s solar energy sector to date, Reliance Power said.

The company has started the engineering, procurement and construction bidding process, and expects to complete the project in 24 months.

Reliance Power said the project will play a key role in promoting regional clean energy integration and improving cross-border infrastructure cooperation in South Asia.