Adani Power Limited has informed the Exchange about Signing of SHA to set up a 570MW hydro power project in Bhutan
ADANIPOWER · price
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Adani Power has signed a Shareholders Agreement (SHA) to set up a 570 megawatt (MW) hydro power project in Bhutan. This move marks the company's entry into hydroelectric power generation and its first international power project in Bhutan. The project will be executed through a joint venture structure, with the SHA defining the rights, responsibilities, and shareholding terms between the partners. This expands Adani Power's portfolio beyond its existing coal and thermal-based generation into renewable hydro energy.
This is a positive development for shareholders as it diversifies Adani Power into clean energy and opens a new international growth corridor. Short-term costs may rise due to project setup, but long-term it strengthens the company's green energy pipeline and revenue base.