India, Oct. 6 -- Adani Power on Tuesday said it has signed an agreement with Bhutan's state-owned Druk Green Power Corporation Ltd (DGPC) to develop the 770 MW Chamkharchhu-I Hydroelectric Project in the Himalayan kingdom.

Adani Power and DGPC signed a Shareholders Agreement (SHA) for the project, the company said in a statement.

The project is the second major hydropower collaboration between the two companies, following their agreement for the 570 MW Wangchhu Hydroelectric Project in September 2025.

It is also part of a broader Memorandum of Understanding signed between the Adani Group and DGPC in May 2025 for developing 5,000 MW of hydropower capacity in Bhutan.

The signing ceremony was attended by Bhutan Prime Minister Lyonchhen D...