Dive into Anil Ambani's ambitious plans as Reliance Group ventures into Bhutan's renewable energy sector with a whopping 1.2 GW!
The Reliance Group is on a roll as Anil Ambani announces a groundbreaking partnership with Bhutan's government investment arm, Druk Holding and Investments (DHI). This strategic collaboration marks a significant milestone as Reliance forays into Bhutan’s renewable energy sector, setting the stage for eco-friendly projects worth a staggering $1 billion. With an ambitious plan to install 1,270 MW of solar and hydroelectric power, this marks one of Ambani's most exciting ventures abroad, promising to harness the immense potential Bhutan has for renewable resources.
Bhutan, known for its pristine natural landscapes and commitment to sustainability, provides a perfect backdrop for this renewable revolution. The multi-faceted partnership aims to transform the energy sector, not just in Bhutan but also to influence the larger South Asian energy landscape. It signifies a commitment to greener energy and aligns well with the global shift towards sustainability. Reliance Group’s new company, Reliance Enterprises, is all set to play a pivotal role in executing these projects that highlight solar and hydropower—two of the most prominent renewable energy sources.
But wait, there’s more! Ambani’s venture is not a standalone gig; it’s part of a larger plan where he’s already investing heavily in various domestic companies. With this new chapter in Bhutan, he is essentially diversifying his energy portfolio while reinforcing Reliance’s position as a leading player in the renewable sector. The introduction of these energy projects is expected to generate thousands of jobs, boost local economies, and foster community development in Bhutan, truly a win-win situation!
As Reliance expands its green horizons, it’s worth noting that Bhutan is the only country in the world that is carbon negative. Additionally, the Himalayan kingdom is renowned for its commitment to Gross National Happiness (GNH) rather than just economic growth, which is reflected in community-centric and environmentally sustainable policies. This partnership not only aims to provide renewable energy but also resonates with Bhutan’s unique vision of a sustainable future.
Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm, reported the ...
Reliance Group is entering Bhutan's renewable energy sector by partnering with Druk Holding to set up 1270 MW solar and hydroelectric projects.
Marking its first foreign venture, Anil Ambani-led Reliance Group on Wednesday said it has entered into a partnership with Druk Holding and Investments ...
In partnership with Druk Holding and Investments Ltd (DHI), the commercial arm of the Bhutanese government, Reliance Enterprises—a newly established company ...
Anil Ambani's Reliance group has launched Reliance Enterprises to invest in Bhutan's renewable energy sector, starting with 1.2 gigawatts of solar and.
The partnership between Reliance Group and Druk Holding will focus on green energy generation, specifically solar and hydropower initiatives, while also ...
Reliance Group's back-to-back announcement from infusing funds in domestic companies including Reliance Power and Reliance Infra to setting up a new company ...