Reliance Power Expands Renewable Energy Footprint with 25% Stake in Bhutan-Based Solar Venture
Reliance Power Limited has indirectly acquired a 25% stake in GDL-Reliance Solar PTE Ltd (GRSPL), a joint venture in Bhutan. GRSPL is a 50:50 partnership between Green Digital Private Limited, a Bhutanese state-owned enterprise, and Reliance Enterprises Private Limited (REPL), an associate of Reliance Power. REPL invested $22.50 million for its 50% stake. The venture aims to enhance renewable energy initiatives in the region. Separately, Reliance Power reported a net profit of ₹125.60 crore, with revenue at ₹1,978.00 crore and EBITDA at ₹589.80 crore.

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Reliance Power Limited (RPower) has made a strategic move in the renewable energy sector by indirectly acquiring a 25% stake in GDL-Reliance Solar PTE Ltd (GRSPL), a joint venture established in Bhutan. This partnership marks a significant step in RPower's commitment to expanding its green energy portfolio and fostering international collaborations.
Joint Venture Details
The joint venture, GRSPL, was incorporated under Bhutan's Gelephu Mindfulness City Special Administrative Region. The company is structured as a 50:50 partnership between Green Digital Private Limited, a state-owned enterprise of the Royal Government of Bhutan, and Reliance Enterprises Private Limited (REPL), an associate company of Reliance Power.
Stake Acquisition
Reliance Power's involvement in this venture comes through its associate company, REPL. The stake acquisition details are as follows:
Investor | Investment | Stake in GRSPL |
---|---|---|
REPL | $22.50 million | 50% |
Reliance Power (indirect) | - | 25% |
Strategic Implications
This partnership is poised to enhance renewable energy initiatives and support clean power growth in the region. By entering into this joint venture, Reliance Power demonstrates its commitment to:
- Expanding its presence in the renewable and green energy sector
- Fostering international partnerships for sustainable development
- Contributing to the growth of clean energy infrastructure in Bhutan
Operational Status
GRSPL is a newly incorporated entity and has not yet commenced business operations. The formation of this joint venture signals Reliance Power's strategic intent to capitalize on the growing opportunities in the renewable energy sector.
Financial Performance
Separately, Reliance Power reported quarterly results:
Metric | Amount (₹ in crore) | YoY Change |
---|---|---|
Net profit | 125.60 | Profit vs Loss |
Revenue from operations | 1,978.00 | -1% |
EBITDA | 589.80 | +1,109% |
EBITDA margin | 29.80% | +27.4 percentage points |
Conclusion
As the global focus on sustainable energy solutions intensifies, Reliance Power's investment in this Bhutan-based solar venture positions the company to play a crucial role in the evolving landscape of clean energy in South Asia. The partnership with Bhutan's government-owned enterprise could potentially lead to significant developments in solar power projects within the region.
Historical Stock Returns for Reliance Power
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+5.00% | +12.82% | -24.89% | +25.03% | +38.61% | +1,139.22% |