Bhutan, World Bank sign $515m deal for Dorjilung hydropower project

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The Royal Government of Bhutan and the World Bank have signed financing agreements worth $515m for the 1125MW Dorjilung hydropower project, a major infrastructure development aimed at expanding the country’s energy capacity and exports.

The project, to be built on the Kurichhu River in eastern Bhutan, is expected to generate more than 4500GWh of electricity annually. It will help address seasonal power shortages in winter and allow surplus energy exports to India during summer and the monsoon season.

“The Dorjilung Hydroelectric Power Project is a cornerstone of Bhutan’s 13th Five-Year Plan and will be the Kingdom’s largest hydropower project developed under a public-private partnership. This transformational investment will supply clean energy, spur economic growth, and advance our carbon-negative commitment,” said Tshering Tobgay, Prime Minister of Bhutan. “This project is a testament to our strong partnership with the World Bank Group and our shared vision for a sustainable and prosperous future for Bhutan’s people.”

Officials said the project will also have a regional impact by reducing carbon emissions by an estimated 3.3 million tons annually and strengthening cross-border energy trade.

Source: Wikipedia