A Strategic Partnership Forged in Green Energy and Regional Significance
Anil Ambani's Reliance Infrastructure and Reliance Power have solidified a significant strategic partnership with the Kingdom of Bhutan, embarking on a transformative journey to develop major renewable energy projects. This ambitious initiative is poised to attract investments exceeding $1 billion, signaling a robust commitment to sustainable development in the region. The partnership, executed through their newly established subsidiary, Reliance Enterprises, will focus on two key projects: the construction of Bhutan's largest solar photovoltaic plant, boasting a 500 MW capacity, and the development of the 770 MW Chamkharchhu-1 hydroelectric project. These ventures represent a substantial leap in Bhutan's renewable energy infrastructure, contributing significantly to its energy independence and environmental goals. Bhutan holds strategic importance for India, serving as a vital buffer state between India and China. Recognizing this, the Indian government has extended its ...