Reliance Group’s $3014 Crore Investment in Bhutan’s Renewable Energy Revolution!

Anil Ambani’s Reliance Group has announced a groundbreaking partnership with Druk Holding and Investments to invest ₹3,014 crore in Bhutan’s renewable energy sector. This initiative includes the development of a 500 MW solar power plant and a 770 MW hydro project, marking the largest foreign direct investment by an Indian company in Bhutan. Reliance Enterprises will lead these efforts, focusing on sustainable energy solutions to benefit both nations.

CONTENTS:

• Reliance Group gains from Bhutan projects
• Reliance Group revitalizes with partnerships
• Reliance Group partners for renewable projects
• Reliance Enterprises launches sustainable energy initiative
• Reliance invests significantly in Bhutan’s energy

Reliance Group’s $3014 Crore Investment in Bhutan’s Renewable Energy Revolution!

Reliance Group gains from Bhutan projects

On October 3, shares of Anil Ambani’s Reliance Group companies—Reliance Power and Reliance Infrastructure—experienced gains of up to 5% following the group’s entry into Bhutan to develop renewable energy projects. By 10:40 AM, Reliance Power shares had surged by 5%, reaching Rs 53.64 on the NSE, while Reliance Infrastructure shares rose 2.4% to Rs 339.80.

The group has secured two renewable energy projects totaling 1,270 MW, comprising 500 MW of solar power and 770 MW of hydroelectric power. These projects will be carried out in partnership with Druk Holding and Investments, the Royal Government of Bhutan’s commercial and investment arm.

Reliance Group revitalizes with partnerships

Reliance Group’s $3014 Crore Investment in Bhutan According to a company statement, the partnership between Reliance Group and Druk Holding focuses on promoting green energy generation, with an emphasis on solar and hydropower projects, while also exploring cutting-edge green technologies. To support these initiatives in Bhutan, Reliance Group has formed a new entity called Reliance Enterprises.

Additionally, Reliance Power is set to hold a board meeting later today to outline its fundraising strategy aimed at boosting its renewable energy portfolio. Meanwhile, Reliance Infrastructure’s board approved raising Rs 3,014.4 crore last month through a preferential issue of up to 12.56 crore equity shares at Rs 240 per share.

These consecutive announcements from Anil Ambani’s Reliance Group seem to be part of a broader strategy focused on revitalizing the conglomerate.

Reliance Group partners for renewable projects

Reliance Group’s $3014 Crore Investment in Bhutan On Wednesday, Anil Ambani’s Reliance Group announced a partnership with Druk Holding and Investments Ltd (DHI), the commercial and investment division of the Bhutanese government, to jointly develop solar and hydroelectric projects in Bhutan. The group also revealed the launch of a new flagship company, Reliance Enterprises, dedicated to driving investment in the country’s renewable and green energy sector.

Reliance Enterprises launches sustainable energy initiative

Reliance Group’s $3014 Crore Investment in Bhutan Reliance Enterprises, a joint initiative by Reliance Infrastructure Ltd and Reliance Power Ltd, will focus on advancing sustainable energy solutions and implementing smart distribution and metering systems across Bhutan.

A press release indicated that the partnership between Reliance Group and Druk Holding will prioritize green energy generation, particularly through solar and hydropower projects, while also investigating innovative green technologies. Additionally, Reliance Group plans to work with government-owned companies in Bhutan to implement infrastructure projects that align with its net-zero objectives.

The partnership agreement was signed by Harmanjit Singh Nagi, President of Corporate Development at Reliance Power Ltd, and Ujjwal Deep Dahal, CEO of Druk Holding and Investments, in the presence of Anil Ambani. Reliance Enterprises will collaborate with Druk Holding to develop a 500 MW solar power plant in Gelephu Mindfulness City, Bhutan. The project will be carried out over the next two years in two phases of 250 MW each.

Reliance invests significantly in Bhutan’s energy

Reliance Group’s $3014 Crore Investment in Bhutan This initiative will represent the largest investment in Bhutan’s renewable energy sector and the biggest foreign direct investment (FDI) by an Indian company in the nation. Additionally, Reliance Power Ltd and Druk Holding announced their plans to collaboratively develop the 770 MW Chamkharchhu-1 hydro project.

Ujjwal Deep Dahal, CEO of Druk Holding and Investments, stated, “We are delighted to partner with Reliance and are dedicated to delivering world-class clean energy projects that will benefit both India and Bhutan.” Reliance Power has a total installed capacity of 5,340 MW, which includes the 4,000 MW project located in Sasan, Madhya Pradesh.