Tags: Bhutan

PFC, REC signs MoU with KHEL for 600 MW Hydro Electric Project in Bhutan

Power Finance Corporation Ltd. (PFC) along with REC Ltd. signed a Memorandum of Understanding (MoU) with Kholongchhu Hydro Energy Ltd (KHEL) for extending a Term Loan of Rs.4058 Crore for 600 MW Hydro Electric Project at Trashi Yangtse, Bhutan. The project is proposed to be funded in a debt-equity ratio of 70:30 and the Term […]

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Agreement for 600 MW hydroelectric project in Bhutan signed

External Affairs Minister S Jaishankar on Monday attended via video conference the signing ceremony of Concession Agreement for 600 MW Kholongchhu JV-Hydroelectric Project in Bhutan. Happy to join @FMBhutan & @BhutanMoea in witnessing the signing of Concession Agreement for the 600 MW Kholongchhu Hydroelectric Power Project for #CleanEnergy. Another example of the symbiotic cooperation between […]

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India and Bhutan finalizes Mangdecchu hydro project’s power tariff protocol

India and Bhutan has finally signed tariff protocol for the output of 720 MW Mangdechhu hydro project. The Protocol was signed between both the countries on 23rd April, 2019 by Dasho Yeshi Wangdi, Secretary, Ministry of Economic Affairs, RGoB and Ajay Kumar Bhalla, Secretary, Ministry of Power, GoI. Prior to this protocol finalization, basic tariff […]

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Bhutan’s Economy to Moderately Grow in 2019 and 2020 on Strong Hydropower and Tourism: ADB

Economic growth in Bhutan is forecast to strengthen moderately, buoyed by the industry and services sectors, according to a new Asian Development Bank (ADB) report. The Asian Development Outlook (ADO) 2019, ADB’s flagship annual economic publication, forecasts the economy to grow at 5.7% this year and 6.0% in 2020. This is following the slipping of growth […]

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