A concession agreement was signed between the Kholongchhu Hydro Energy Limited and the Royal Government of Bhutan. The Concession Agreement provides the right to Kholongchhu Hydro Energy Limited to operate the Kholongchhu Hydroelectric Project within the jurisdictions of the Bhutanese Government.
The Concession Agreement signing was conducted at Bhutan’s capital city Thimphu. The Agreement was signed in the virtual presence of External Affairs Minister S Jaishankar and his Bhutanese counterpart Tandi Dorji, a Ministry of External Affairs (MEA) statement said.
The implementation and development of the Hydroelectric project, a joint venture between Bhutan’s Druk Green Power Corporation and India’s Satluj Jal Vidyut Nigam Limited was formed on 12th June 2015.
The hydropower sector is the flagship area of India-Bhutan bilateral cooperation, it said.
The Mangdechhu hydroelectric project was jointly inaugurated earlier in August 2019 by the prime ministers of India and Bhutan.
With this, 4 hydroelectric projects 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 fuctioning in Bhutan, according to the MEA.
Indo Bhutan Hydroelectric Project Indo Bhutan Hydroelectric Project