Anil Ambani’s Reliance Group has launched Reliance Enterprises to invest in Bhutan's renewable energy sector. The company plans to develop 1.2 gigawatts of solar and hydropower projects with a total investment reaching $1 billion.
In partnership with Bhutan’s Druk Holding and Investments Ltd., the projects include a 500 MW solar plant in Gelephu and the 770 MW Chamkharchhu-1 hydroelectric project. This signaling a comeback for Reliance after becoming debt-free.