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Investor Relations · DGPC · Bhutan

Investing in Bhutan's Clean Energy Future

DGPC is Bhutan's national clean energy company and the backbone of a carbon-negative economy. We provide investors with transparent access to our financial performance, governance frameworks, corporate strategy, and 25 GW growth roadmap.

View CSP 2025–2040(https://www.drukgreen.bt/wp-content/uploads/2026/05/DGPC-CSP-2025-2040-Public-1.pdf) View All Documents

Key Investment Metrics

2,471 MW

Installed renewable capacity

25 GW

National target by 2040

100 %

Renewable generation

18

Years as sole utility

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Key Investment Metrics

2,471 MW

Installed renewable capacity

25 GW

National target by 2040

100 %

Renewable generation

18

Years as sole utility

2,471 MW

Installed Renewable Capacity

25 GW

Clean Energy Target 2040

11,302 GWh

Units Generated Annually

6

Global Strategic Partners

Why Invest

The Investment Case for DGPC

DGPC operates at the intersection of energy security, sustainable development, and regional economic integration. As Bhutan's sole generation utility and the architect of its 25 GW expansion, it offers investors a unique combination of sovereign backing, long-term offtake agreements, and a carbon-negative operating environment that no other regional energy company can match.

01 · Carbon-Negative Operating Environment

Bhutan is one of the world's few carbon-negative countries. DGPC's 100% renewable portfolio reinforces this status and opens direct access to carbon markets and international climate finance.

02 · Sovereign-Backed Institutional Stability

DGPC operates as a subsidiary of Druk Holding and Investments (DHI) — providing sovereign-backed assurance and institutional stability for long-term investors.

03 · Long-Term Export Agreements with India

Electricity exports to India represent Bhutan's largest national revenue source. DGPC holds long-term bilateral power purchase agreements underpinning revenue predictability.

04 · Expanding Global Partnership Network

Strategic MoUs with Tata Power, Adani, Andritz Hydro, B.Grimm (Thailand) reflect growing international investor confidence in Bhutan's energy sector.

25 GW

Carbon-Negative Nation

Bhutan absorbs more CO₂ than it emits. DGPC's portfolio keeps it that way and opens access to carbon market revenues.

Primary National Revenue Source

Hydropower exports to India are Bhutan's single largest national income stream — underpinning fiscal stability for decades.

15-Year Mandated Growth Plan

DGPC's Corporate Strategy Plan runs to 2040 — a mandated expansion providing investors with long-horizon certainty.

Global Strategic Partners

Tata Power, Adani, Andritz Hydro, B.Grimmand PTC India — spanning India, Thailand, and Austria.

Financial Performance

Financial Strength from Renewables and Long-Term PPAs

DGPC's financial performance is underpinned by long-term power purchase agreements with India, a fully renewable generation portfolio, and the consolidation of Mangdechhu in 2024 — which more than doubled electricity revenues. The company reports annually to DHI and maintains transparent financial disclosure aligned with its Corporate Governance Code.

Generation Output Trend — 5 Year

10,299.3 GWh 2021

10,312.9 GWh 2022

10,090.7 GWH 2023

10,691.0 GWh 2024

11,302.7 GWh 2025

DGPC Annual Report · Updated annually

3,599 MW

Total installed renewable capacity across all operational plants.

Current · Verified

11,302 GWh

Annual electricity generation output from full operational portfolio

Annual Average

2024 milestone

Mangdechhu consolidation more than doubled DGPC's electricity revenues

Confirmed · FY2024

Annual Report — Latest Edition

Operational performance, financial results, and strategic updates.

Download(https://www.drukgreen.bt/wp-content/uploads/2026/05/DGPC-annual-report-2024-1-1.pdf)

Corporate Strategy

Corporate Strategy Plan 2025-2040

DGPC's Corporate Strategy Plan sets out the most ambitious energy expansion in Bhutan's history. Mandated by the Royal Government and anchored in His Majesty's Vision for the Gelephu Mindfulness City and DHI's 10X Group Roadmap, the plan targets 25 GW of clean energy capacity by 2040 — positioning DGPC as the primary driver of Bhutan's clean energy transition and regional energy integration.

15 GW New Hydropower

Development of large and medium hydropower projects through direct development, PPPs, and IPP participation across Bhutan's major river systems.

5 GW Solar Expansion

Utility-scale and distributed solar to complement hydropower, eliminate winter energy deficits, and diversify Bhutan's generation mix.

Storage & Digital Systems

Pumped storage, battery energy storage, AI-enabled grid monitoring, and modern project management for system flexibility through 2040.