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Hydro revenue can’t assure self-reliance

Courtesy: kuenselonline.com

Tax exemptions, huge capital inflow from hydropower and growing public expenditure is a concern

The outlook that fiscal self-reliance would be achieved with increased hydropower generation is an illusion, says a 2016 World Bank paper on public finance.

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DHI and Co. contribute 30 percent to domestic revenue

Courtesy: kuenselonline.com

DGPC and BT reported a record high profit in 2016

Taxes and dividends from Druk Holding and Investments (DHI) and its subsidiaries contributed more than 30 percent to the total domestic revenue of in the last fiscal year.

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Joint project assess Bhutan’s hydropower system

Courtesy: kuenselonline.com

To investigate the current status of hydropower plants and power transmission network, two softwares have been developed under the University-Business Partnership Project between Germany and Bhutan.

A two-day workshop on the three years Project called ‘Modelling and simulation of Bhutan’s Hydropower Project Plants and Transmission Network’ began yesterday at the Le Meriden, Thimphu.

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Hydro delays upset 11th Plan’s self-reliance goal

Courtesy: kuenselonline.com

The country will not be able to achieve self-reliance, which is one of the main themes of the 11th Plan.

“Self-reliance and inclusive green socio-economic development,” the overarching objective of the 11th Plan is dampened by delays in commissioning of three new hydropower projects.

This was highlighted in the 13th Round Table Meeting that concluded yesterday. 

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CDCL unveils first set of hydropower equipment

Courtesy: kuenselonline.com

The Construction Development Corporation Ltd. (CDCL) yesterday unveiled hydropower equipment worth Nu 214 million (M) at Hosethangkhag in Wangdue.

This purchase was the first phase of the procurement plan for hydropower construction under department of hydropower, CDCL. The equipment includes two drilling jumbos, shot crete machine, concrete pump, steel bending machine, transit mixtures, explosive bans and wheel loader.

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