March 2, 2021

Settlement for first Indo-Bhutan three way partnership hydroelectric venture signed

NEW DELHI: A concession settlement for the primary Indo-Bhutan three way partnership hydroelectric venture was signed on Monday, paving the way in which for the graduation of its building and different associated works.

The concession settlement for the 600 MW Kholongchhu venture between the Bhutanese authorities and the Kholongchhu Hydro Power Restricted was signed within the digital presence of Exterior Affairs Minister S Jaishankar and his Bhutanese counterpart Tandi Dorji, a Ministry of Exterior Affairs (MEA) assertion stated.

“The signing of the concession settlement will result in graduation of building and different works of this primary three way partnership hydroelectric venture between India and Bhutan. The venture is anticipated to be accomplished within the second half of 2025,” it stated.

The 600 MW run-of-the-river venture is positioned on the decrease course of the Kholongchhu river in jap Bhutan’s Trashiyangtse district.

The venture envisages an underground powerhouse of 4 150 MW generators with water impounded by a concrete gravity dam of 95 metres top, the MEA stated.

It will likely be applied by Kholongchhu Hydro Power Restricted, a three way partnership firm fashioned between Druk Inexperienced Energy Company (DGPC) of Bhutan and Satluj Jal Vidyut Nigam Restricted (SJVNL) of India, the assertion stated.

That is the primary ever three way partnership venture to be applied in Bhutan, Jaishankar stated, congratulating each companions — SJVNL and DGPC — for this outstanding feat.

Describing the settlement as a “milestone”, he stated the graduation of building actions of the venture will create financial and employment alternatives in Bhutan on this vital time.

“Our two international locations are collectively in combating this world pandemic. Authorities of India has offered help, because it ought to, to Bhutan by way of medical tools, kits and medicines as per Royal Authorities of Bhutan’s necessities,” Jaishankar stated.

“Moreover persevering with with our developmental partnership, we’ve additionally ensured uninterrupted provide of necessities and different items to Bhutan regardless of the lockdowns,” he stated.

Noting that the hydropower sector has been essentially the most seen image of the mutually helpful bilateral cooperation between the 2 international locations, Jaishankar stated the lately accomplished 720 MW Mangdechhu Hydro Electrical Energy Undertaking has introduced the Indian government-assisted put in capability to greater than 2,100 MW.

“With continued working collectively, we’re in technique of expediting the completion of different ongoing initiatives together with the 1,200 MW Punatsangchhu-1, 1020MW Punatsangchhu-2 and now the 600 MW Kholongchhu HEP,” he stated.

Jaishankar stated the India-Bhutan particular ties haven’t solely benefited the 2 nations, however have additionally set an instance for the entire world of two neighbours, residing and dealing collectively for shared development and welfare sure by a deep friendship.

“Our time-tested relations, characterised by a lot belief and understanding, have matured through the years and have been sustained by the custom of normal high-level visits and dialogues between the 2 international locations,” he stated.

As a particular and privileged associate, India stands along with Bhutan in coping with the well being and financial challenges posed by this pandemic, he stated.

Bhutan Financial Affairs Minister Loknath Sharma, and senior authorities officers, together with overseas secretaries of India and Bhutan, secretary (energy), Authorities of India, ambassador of India to Bhutan, and ambassador of Bhutan to India, have been additionally current on the signing ceremony held via videoconferencing, the MEA stated.

The hydropower sector is the flagship space of India-Bhutan bilateral cooperation, it stated.

The Mangdechhu hydroelectric venture was collectively inaugurated earlier in August 2019 by the prime ministers of India and Bhutan.

With this, 4 hydroelectric initiatives of bilateral cooperation (336 MW Chukha HEP, 60 MW Kurichhu HEP, 1,020 MW Tala HEP and 720 MW Mangdechhu HEP), totalling over 2,100 MW, are already operational in Bhutan, in response to the MEA.