Now Reading: JSW Energy signs pact for 920 MW hydro project in Bhutan
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JSW Energy signs pact for 920 MW hydro project in Bhutan
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…
The Story in Brief
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.
The Indian Opinion
This deal is being hailed as a win for regional clean energy cooperation, but Indian readers should keep their expectations measured. Himalayan hydro projects have a history of delays, geological surprises, and cost overruns. Both partners have experience, but execution will be key. The real test will come when the DPR is finalised and financing details are disclosed. Will Bhutan's carbon-negative status and India's power needs translate into timely delivery?
Source: energy.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
