International, Defence and Summits · 17 August 2026
JSW Neo Energy and Bhutan's DGPC Sign Pact for 920 MW Punatsangchhu-III Hydro Project
Exam-focused facts from the 17 August 2026 current affairs briefing.
Key facts
- JSW Neo Energy, a subsidiary of JSW Energy, signed a shareholders' agreement with Bhutan's Druk Green Power Corporation (DGPC) to jointly develop the 920 MW Punatsangchhu-III hydroelectric project.
- The joint venture company will have DGPC holding a 51% stake and JSW Neo Energy holding 49%.
- This marks JSW Energy's first power generation venture outside India.
- The agreement was signed in the presence of the Prime Minister of Bhutan.
- The project is located in Wangdue Phodrang District, Bhutan.
- DGPC and JSW Neo are jointly preparing the detailed project report for the project.