# JSW Energy signs pact for 920 MW hydro project in Bhutan

2026-08-12T18:49:39+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

JSW Energy has signed a shareholders' agreement with Bhutan's Druk Green Power Corporation (DGPC) for the 920 MW Punatsangchhu-III hydroelectric project in Wangdue Phodrang district. The pact, signed in the presence of Bhutan's Prime Minister, marks JSW Energy's first power generation venture outside India. Under the joint venture, DGPC will hold a 51 per cent stake while JSW Neo Energy, a subsidiary of JSW Energy, will own the remaining 49 per cent. The detailed project report is being prepared jointly. JSW Energy, India's largest private hydropower generator, aims to reach 30 GW capacity by 2030.

## Coverage

- energy.economictimes.indiatimes.com <https://energy.economictimes.indiatimes.com/news/renewable/jsw-energy-signs-pact-with-bhutans-dgpc-to-jointly-develop-920-mw-hydro-project/133177979>

Tags: Bhutan, clean energy, hydroelectric, hydropower, joint venture, JSW Energy
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