CosmicTaco

Reliance Group to Develop Solar, Hydro Projects in Bhutan

CosmicTaco · 2024-10-04T08:11:56.782243+05:30

- 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](https://www.reuters.com/business/energy/anil-ambanis-reliance-group-develop-solar-hydro-power-projects-bhutan-2024-10-02/)

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