India commits to fund Bhutan's 1020 MW Punatsangchhu-II hydro project
This is a Joint Vision Statement between India and Bhutan reaffirming their commitment to strengthen their bilateral clean energy partnership, focusing on hydro-power, solar, and green hydrogen projects to enhance regional energy security and economic development.
The agreement involves the Governments of India and Bhutan, specifically their Prime Ministers. It affects the energy sector, including hydro-power, solar, and green hydrogen industries, as well as financial institutions in India and Bhutanese power producers. Indian entities are identified as potential strategic partners for new projects.
- Commissioning of the 1020 MW Punatsangchhu-II Hydro-electric Project in 2024.
- Continuation of expert-level discussions for the 1200 MW Punatsangchhu-I HEP.
- Development of new energy projects in hydro-power, solar, and green hydrogen, including participation of Indian entities as strategic partners.
- Government of India to facilitate access to financing from Indian financial institutions and market for power sale for new Bhutanese hydro-power projects.
- Facilitation of market access for Bhutanese power producers in India through mutually agreed arrangements and delivery points.
- Regular consultations to enable investments in Bhutanese energy projects and ensure seamless cross-border electricity trade.
- Strengthening cooperation in energy efficiency and conservation through capacity development and R&D.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Agreement
22 March, 2024
Document details
| Official title | Joint Vision Statement on India - Bhutan Energy Partnership |
| Source body | Ministry of External Affairs — bilateral & trade documents |
| Reference number | 37739 |
| Status | closed (agreement) |
| Year | 2024 |
| Closing date | 22 March, 2024 |
| Documents | 1 |