New Delhi: 

The project assumes great significance as it will be the largest private sector foreign direct investment (FDI) in Bhutan’s solar energy sector to date. “This milestone transaction highlights Reliance Power’s continued focus on capital deployment into high-impact, long-duration clean energy assets, while strengthening its strategic positioning in the regional power infrastructure space,” Rpower mentioned in its release.

The Reliance Power’s project has a deadline of 24 months, which will be completed in phases. The power project has been finalised by aligning with Bhutan’s strategic sustainability framework, and broader regional energy transition agenda across South Asia. “The project is expected to redefine Bhutan’s solar generation capacity, surpassing all current solar installations. This initiative is poised to significantly diversify Bhutan’s renewable
energy portfolio beyond hydropower and enhance grid stability and integration,” the company stated in its statement.

 Reliance Power shares are in focus on Monday (May 19, 2025) after the Anil Ambani-led company signed a power purchase pact in Bhutan with Green Digital Private Limited (GDL), owned by Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan.

At the time of writing this article, Reliance Power shares were trading at Rs 45.96 per equity share. In the last five trading sessions, the RPower stock jumped nearly 7 percent.

As per the details of the deal, the Rs 2,000 crore deal under Build-Own-Operate (BOO) model will ensure Reliance Power and DHI jointly develop Bhutan’s largest solar power project through a 50:50 venture, with an installed capacity of 500 MW.

Reliance Power informed that it has commenced the Engineering, Procurement, and Construction (EPC) tendering process for the project. It claimed to move ahead by following the international competitive bidding standards to ensure optimal technical execution and cost efficiency.

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