The Adani Group, led by Gautam Adani, is reportedly planning to build 10 gigawatts (GW) of hydroelectric projects outside India as part of its efforts to achieve net zero carbon emissions by 2050, according to a report by Reuters.
The conglomerate is exploring potential projects in countries such as Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, where favourable topography and demand for hydropower present promising opportunities.
The group has begun evaluating these countries and is reportedly in talks with governments and private sector partners, the report said.
This development follows Adani's recent agreement with the Bhutanese government to construct a 570-megawatt (MW) hydropower plant in Bhutan’s Chhukha province. The group is also assessing the feasibility of a 700 MW project in Chamkarchu, where construction could begin immediately, as approvals are already in place.
Adani is also in discussions with developers in Nepal who hold rights to hydropower projects. Sources indicate that electricity generated in Nepal and Bhutan could potentially be exported to India.
Beyond its green energy ambitions, Adani Group already operates in Kenya, Tanzania, the Philippines, and Vietnam — all of which are contenders for the hydroelectric projects.
The group manages Kenya’s main international airport and has committed $3 billion to seaport and renewable energy investments in Vietnam. In Tanzania, Adani has a 30-year concession agreement to operate the country’s container terminal.
The conglomerate previously announced plans to invest $100 billion over the next decade to develop green energy capabilities. This includes building the world’s largest solar energy park in Khavda, India.
Currently, Adani operates 11.2 GW of renewable energy capacity through its green energy arm, Adani Green Energy, and aims to expand to 50 GW by 2030.
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