PM Modi and Bhutan’s King Inaugurate 1,020 MW Punatsangchhu-II Hydroelectric Project
Prime Minister Narendra Modi and Bhutan’s King Jigme Khesar Namgyel Wangchuck have jointly inaugurated the 1,020 MW Punatsangchhu-II Hydroelectric Project. The countries have also signed an MoU for cooperation on renewable energy. India has also announced a concessional Line of Credit of INR 40 billion to fund the energy projects in Bhutan.
November 12, 2025. By Mrinmoy Dey
This HEP, which enhances Bhutan’s power generation capacity by 40 percent, will supply electricity to both countries. With the completion of the project, yet another milestone has been achieved in the dynamic and mutually beneficial India-Bhutan energy partnership, stated the Ministry of External Affairs.
The two leaders also welcomed the understanding reached regarding the resumption of work on the main dam structure of the 1,200 MW Punatsangchhu-I hydroelectric project and agreed to work for expeditious completion of the project. Once completed, Punatsangchhu-I will be the largest hydroelectric project jointly developed by the two Governments.
They welcomed the active engagement of Indian companies in the hydropower projects in Bhutan. The Bhutanese side expressed appreciation for the announcement by the Government of India of a concessional Line of Credit of INR 40 billion to fund the energy projects in Bhutan
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Further, a Memorandum of Understanding (MoU) has been signed between the Ministry of Energy and Natural Resources, Royal Government of Bhutan (RGoB), and the Ministry of New and Renewable Energy, Government of India (GoI), on cooperation in the field of renewable energy.
The MoU seeks to institutionalise the bilateral engagements in the field of renewable energy and aims to work together in areas such as solar energy, wind energy, biomass, energy storage, green hydrogen and capacity building in these areas, said the PMO in a statement.
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