Reliance Power & DHI to build 500 MW solar plant in Bhutan

India-headquartered Reliance Power has signed a commercial term sheet for a long-term power purchase agreement with Green Digital Pvt Ltd, which is owned by Bhutan’s Druk Holding and Investments Ltd (DHI). Both entities agreed to jointly develop Bhutan’s largest solar project with 500 MW capacity under a 50:50 venture. The INR 2,000 crore (~$234.01 million) project, structured under the Build-Own-Operate model, marked the largest private FDI in Bhutan’s solar sector. Reliance Power began EPC tendering through international competitive bidding and engaged with financial institutions for project finance. The project was planned in phases over 24 months, aligned with Bhutan’s energy strategy.