India, Bhutan sign pact for first joint venture hydropower project

Stock Market

NEW DELHI: India and Bhutan on Monday signed a pact for the development of the 600 MW Kholongchhu joint venture hydroelectric project in Bhutan that’s to be accomplished in 5 years.

The settlement for the project between the Bhutanese authorities and the Kholongchhu Hydro Energy Limited was signed within the presence of Indian overseas minister S Jaishankar and his Bhutanese counterpart Tandi Dorji. The two ministers joined the occasion through video hyperlink.

The Kholongchhu Hydro Energy Limited is a joint venture between Bhutan’s Druk Green Power Corporation (DGPC) and India’s Satluj Jal Vidyut Nigam Limited (SJVNL), an announcement from the Indian overseas ministry mentioned.

“The signing of the concession agreement will lead to commencement of construction and other works of this first Joint Venture Hydroelectric Project between India and Bhutan. The project is expected to be completed in the second half of 2025,” an announcement from the Indian overseas ministry mentioned.

The 600 MW run-of-the-river project is situated on the decrease course of the Kholongchhu River in Trashiyangtse district in japanese Bhutan. The project consists of an underground powerhouse of 4 150 MW generators with water impounded by a concrete gravity dam of 95 metres top, the assertion mentioned.

At the occasion, each Jaishankar and his Bhutanese counterpart talked of the significance of hydropower improvement inside the India-Bhutan sphere of cooperation describing it as “mutually helpful.”

Last yr, Prime Minister Narendra Modi, throughout a go to to Bhutan, had inaugurated the 720 MW Mangdechhu hydroelectric project within the presence of his Bhutanese counterpart.

With this, 4 hydroelectric tasks of bilateral cooperation (336 MW Chukha Hydro electrical project, the 60 MW Kurichhu Hydro Electric project, the 1,020 MW Tala Hydro Electric Project and the 720 MW Mangdechhu Hydro Electric Project) totalling over 2,100 MW, are operational in Bhutan.

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