Reliance Power Limited has informed the Exchange regarding a press release dated May 19, 2025, titled "Media Release".
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Power has signed a commercial term sheet for a long-term Power Purchase Agreement with Green Digital Private Limited (GDL), owned by Druk Holding and Investments (DHI), the investment arm of the Royal Government of Bhutan. The two parties will jointly develop Bhutan's largest 500 MW solar power project through a 50:50 joint venture, with a capital outlay of up to INR 2,000 crores under a Build-Own-Operate model. This is being described as the largest private sector FDI in Bhutan's solar energy sector. Reliance Power has begun EPC bidding and is engaging financial institutions for long-tenor project finance. The project will be executed in phases over the next 24 months, and builds on an October 2024 partnership that also includes a 770 MW hydro project (Chamkharchhu-I) in Bhutan.
Positive for shareholders — this expands Reliance Power's clean energy pipeline to 2.5 GWp solar and over 2.5 GWhr of battery storage, strengthening its position as India's largest integrated Solar + BESS player. The INR 2,000 crore project adds a long-duration, government-backed international asset, but execution, Bhutan regulatory risks, and project financing will be key things to watch.