The venture is a partnership between Reliance Infrastructure, Anil Ambani  Reliance Power, and Bhutan's sovereign commercial arm, Druk Holding and Investments Ltd

Reliance Group, led by Anil Ambani, has launched Reliance Enterprises to invest in Bhutan’s renewable energy sector, marking a $1 billion investment in solar and hydropower project

[{"selector":"#anim-fa54993b-3caa-4d90-931a-985ff91d638b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.82812487152988%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8de43dca-2e66-4594-8386-fd46cedf8d58","keyframes":[{"offset":0,"transform":"translate3d(0, -972.79723%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -273.550581076%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -92.999415188%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -34.923420557%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -15.175636788%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] The new company will start with 1.2 gigawatts of solar and hydropower projects, supporting Bhutan’s net-zero goals. It marks a significant move for Reliance after becoming nearly debt-free

[{"selector":"#anim-fee5b193-552e-47da-a1bf-970868c514d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1f46073-0be3-45a3-9130-99ee516a535b","keyframes":{"transform":["translate3d(0px, 489.38289%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca6fe763-c104-4880-ba52-9eb6a549183f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The venture is a partnership between Reliance Infrastructure, Reliance Power, and Bhutan's sovereign commercial arm, Druk Holding and Investments Ltd

[{"selector":"#anim-5223c105-4342-4128-97b9-f06b8a56ecf5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-36.49999991808252%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c14996fb-7286-4752-807b-123233174f66","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] A 500 MW solar plant will be built in Gelephu Mindfulness City in two phases, becoming the largest solar installation in Bhutan. The project aims to be completed within two years

[{"selector":"#anim-34acae47-2b6e-4cd0-aefa-e2c0f31504d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d4b1a1b4-55c5-4edf-8992-897e25617a10","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-471830f8-c081-46d0-b646-04548b46b92f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The partnership also includes developing the 770 MW Chamkharchhu-1 hydroelectric project, the first joint venture between Bhutan and an Indian private company in the hydro sector

[{"selector":"#anim-5bd5aeb1-0124-4019-92ce-ddcd4eacdb8b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(20.38523020989613%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6fb2bbbe-9b26-4eb6-ab5c-3beb6058c3dd","keyframes":[{"offset":0,"transform":"translate3d(0, -874.18795%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -245.82165154%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -83.57236802%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -31.383347405000002%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -13.637332019999999%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Reliance Enterprises will work on implementing smart distribution and metering systems throughout Bhutan, modernizing the country’s energy infrastructure

[{"selector":"#anim-abbfc7b0-8b4a-4c97-a061-348d9b0aa50c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-19.62066575097206%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-d3848a06-3f0b-4862-9366-c4907a37800a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fcd2d187-1af1-42a2-8007-ac3ade26fc9e","keyframes":{"transform":["translate3d(0px, -1053.24969%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The solar plant marks the largest foreign direct investment by an Indian company in Bhutan’s renewable energy sector

[{"selector":"#anim-abdf457b-528e-4964-9e65-1eeba9215fd9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(6.719135009138171%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7e84eeb3-d4e9-4393-98c8-e1fe6c2ec4f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e987033a-3098-4571-bc4d-c8c87d9368d5","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Reliance Power is known for its 5,340 MW installed capacity, including the world's largest integrated thermal power plant, the 4,000 MW Sasan project in Madhya Pradesh