AGP Executive Report
Last update: 11 hours agoHydropower Deal: Adani Power and Bhutan’s state-owned Druk Green Power Corporation (DGPC) signed a Shareholders Agreement for the 770 MW Chamkharchhu-I hydropower project, a 49:51 partnership under a 30-year BOOT concession; construction is expected to start in the first half of 2027 with commissioning targeted within six years, aiming to meet Bhutan’s peak winter needs and enable summer power exports to India. Energy & Industry Growth: Bhutan’s economy is projected to accelerate to 7.2% growth in 2027, with the latest data showing industry leading expansion (10.31% in Q2, largely driven by electricity) while agriculture remains vulnerable. Agri Inputs: Bhutan is training experts to build local capacity for hybrid vegetable seed production, targeting tomato and chilli, to cut reliance on imported seeds and improve farmer access to reliable planting material. Local Infrastructure & Environment: Thimphu faces ongoing pressure from drainage problems in busy Changzamtog areas after monsoon rains, alongside continued efforts to tackle open burning and monitor industrial impacts in the south. Regional Connectivity: A South Asia energy and trade push is gaining momentum, with calls for stronger regional partnerships involving Bangladesh, India, Nepal and Bhutan to cushion global shocks.
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