Reliance Group to Develop Solar, Hydro Projects in Bhutan

• Anil Ambani's Reliance Group announced plans to develop solar and hydro power projects in Bhutan.
• The projects, a joint venture with the Bhutanese government's investment arm, will be managed by a new subsidiary.
• The subsidiary will develop 500 MW of solar power and 770 MW of hydro power projects.
• Reliance Power, part of the conglomerate, recently raised $183 million and plans to raise more funds.
• This move is part of Reliance Power's expansion into the renewable energy sector.

Source: Reuters