CAM Advises on Adani Power and Druk Green Power Cross-Border Hydroelectric Joint Venture in Bhutan

Transaction Overview

Cyril Amarchand Mangaldas acted as legal counsel on the strategic joint venture between Indian power major Adani Power and Bhutan's Druk Green Power Corporation to develop a 770 MW hydroelectric project in Bhutan. The cross-border infrastructure mandate involved complex cross-jurisdictional structuring, regulatory compliance under bilateral power frameworks, and project financing coordination. CAM advised on joint venture governance terms, concession structuring, and regulatory protocols governing bilateral energy transfers.