Reliance Group has established a new company, Reliance Enterprises, specifically focused on promoting investment in Bhutan’s renewable and green energy sector.
The company is jointly promoted by Reliance Infrastructure and Reliance Power. One of the key projects is a 500 MW solar plant, which will be executed over the next two years in two phases of 250 MW each.
Additionally, Reliance Power and Druk Holding are collaborating on the development of the 770 MW Chamkharchhu-1 hydro project.
In this joint venture, Reliance Power will hold a 49% stake, while Druk Holding will be the majority partner with 51% ownership. The Chamkharchhu-1 project is classified as a run-of-the-river hydro project and will be executed under a concession model in accordance with the policies of the Royal Government of Bhutan (RGOB).
