Agreement signed for joint venture of Indo-Bhutan hydroelectric project

India Bhutan
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New Delhi: The agreement was signed on Monday for the 600 MW Kholangchhu hydroelectric project with an Indo-Bhutan joint venture. With the signing of this agreement, the way was cleared for its construction and other related works. On the agreement between the Bhutanese government and Kholangchhu Hydro Energy Limited for the project, Foreign Minister S.K. Jaishankar and his Bhutanese counterpart Tandi Dorji were signed in the digital presence. This information was given in a statement issued by the Ministry of External Affairs.

It said, “The signing of this agreement will begin the construction and other activities of this joint venture of the first hydroelectric project between India and Bhutan.” The project is expected to be completed by the end of 2025. ” The 600 MW project will begin in the lower part of the Kholangchhu River in Trasiangangtse district in eastern Bhutan. The Ministry of External Affairs said that under this project, four 150 MW underground turbine power plants will be set up and water will be transported here from the dam of height of 95 meters.

The statement said that the project will be conducted by Kholangchhu Hydro Energy Limited, a joint venture company between Druk Green Power Corporation of Bhutan and Satluj Jal Vidyut Nigam Limited of India. Jaishankar and his Bhutanese counterpart underlined the importance of hydropower on the occasion, terming it an important pillar of mutually beneficial bilateral economic cooperation.