| Adani Power (APL) and Druk Green Power Corp. (DGPC), Bhutan's state-owned utility, has signed the shareholders agreement (SHA) for setting up a 570 MW hydroelectric project at Wangchhu in Bhutan (Project). The SHA was signed on 05 September 2025, at 8:30 p.m. Pursuant to the SHA, APL and DGPC shall jointly incorporate a public company (with 49:51 shareholding) in Bhutan, to undertake the said Project. |