Mumbai, Sept. 6 -- An in-principle understanding on the power purchase agreement (PPA) was also initialed. Most importantly, the developers also signed the concession agreement (CA) for the project with the Royal Government of Bhutan.

These agreements pave the way for Adani Power and DGPC to initiate the implementation of the peaking run-of-river Wangchhu hydroelectric project on a BOOT (build, own, operate, transfer) model.

The Wangchhu project will see an investment of about Rs 60 billion in setting up the renewable energy power plant and related infrastructures.

With the preparation of the detailed project report already completed, construction work is expected to begin by the first half of 2026, and the completion is targeted withi...