International Projects · Bhutan
Bhutan 200 MW Solar PV Project
A proposed 200 MW ground-mounted solar PV project in Bhutan, on land provided by the Royal Government of Bhutan, with the Government of Bhutan as the proposed offtaker. Amros Capital is inviting a developer, an EPC contractor and equity investors to partner on the project.
200 MW
Ground-mounted solar PV
₹850 Cr
Estimated project cost*
~333 MU
Estimated Year 1 generation
70 / 30
Illustrative debt / equity
*Indicative estimate. The detailed project report (DPR), energy-yield assessment and lender model will confirm final figures.
Project readiness
Where the project stands
- Land Provided by the Royal Government of Bhutan
- Concept Project scope, cost estimate and financing structure defined
- Offtake PPA with the Government of Bhutan
- Development DPR, energy-yield, site, grid and environmental studies to be completed
- Partners Developer, EPC contractor and equity investors being invited
Partnership opportunities
We are bringing together the partners needed to take the project from concept to commercial operation.
01
Developer
An experienced solar developer to lead or co-lead development: the DPR, permits, grid connection and PPA negotiation through to financial close.
02
EPC contractor
A utility-scale solar EPC contractor to design, supply and build the plant, including evacuation infrastructure, civil works and logistics in hill terrain.
03
Equity investor
Infrastructure funds, strategic investors and family offices to take part in the project equity, alongside Amros Capital and its partners.
Investment proposition
A utility-scale solar asset with government-backed foundations.
| Location | Bhutan |
| Capacity | 200 MW ground-mounted solar PV |
| Land | Provided by the Royal Government of Bhutan |
| Proposed offtaker | Government of Bhutan, under a long-term PPA |
| Estimated project cost | ₹850 Cr (about ₹4.25 Cr per MW) |
| Illustrative financing | 70% senior debt (about ₹595 Cr) / 30% equity (about ₹255 Cr) |
| Construction | About 12 months after financial close |
| Partners sought | Developer, EPC contractor and equity investors |
Why the project stands out
- Government-provided land and a sovereign offtaker address two of the largest early-stage project risks.
- Scale: 200 MW, with estimated first-year generation of about 333 million units.
- A clear financing plan, with Amros Capital and its partners arranging project equity and debt.
- A defined path from development to financial close and a 12-month build.
Project cost
Estimated at ₹850 Cr. The final financing mix is subject to lender diligence and approvals.
| Component | ₹ Cr | Share |
|---|---|---|
| Modules, inverters, structures and balance of system | 600 | 70% |
| Evacuation, substation and transmission tie-in | 100 | 12% |
| EPC, civil works and logistics (hill terrain) | 85 | 10% |
| Development, IDC, contingency and fees | 65 | 8% |
| Total project cost | 850 | 100% |
Detailed project information
The project note, technical assumptions and financial projections are available to qualified partners under NDA. Request them using the enquiry form below.
Partner enquiry
Partner with us on the project
Developers and equity investors: choose “Other” and tell us about your interest in the message. EPC contractors: choose “EPC contractor” and share your capability. Our team will be in touch and share the detailed project information under NDA.
This page is preliminary and indicative. It is not an offer, invitation or prospectus, and all figures are subject to due diligence.
Solar · Bhutan
Bhutan
200 MW
- LandProvided by the Government
- OfftakerGovernment of Bhutan
- EPC contractorRequired
Confidentiality & disclaimer: This information is preliminary and indicative and is provided for discussion only. It is not an offer, invitation or prospectus to subscribe to securities and does not constitute a guarantee of returns. All figures, assumptions and structures are subject to due diligence, definitive documentation and regulatory approvals and may change. Detailed information will be made available to qualified parties under NDA.