DGPC Signs Investment-cum-Shareholders Agreement with Bhutanese Partners for the 25 MW Begana Integrated Multipurpose Small Hydropower Project
Thimphu, 5 October 2026: Another milestone in advancing Bhutan hydropower development was achieved with Druk Green Power Corporation Limited signing of a Tripartite Investment-cum-Shareholders Agreement with Gerab Nyed-Yon Limited and Tshokey Dorji Foundation for the development of the 25 MW Begana Integrated Multipurpose Small Hydropower Project. The Agreement establishes the framework for the financing, development, and operation and maintenance of the Begana Project; that is aligned to Bhutan’s National Energy Policy 2025 and other applicable laws and regulations.
The Begana Project is being implemented with the dual objectives of renewable energy generation and enhancing reliable drinking water supply for Thimphu and surrounding areas.
The construction of the Project was started some time in May 2026 with the award of the Civil Works Package to M/s Rigsar Construction Private Limited. The Electro-Mechanical, Hydro-Mechanical and Automation Contract Packages are currently under consideration.
Druk Hydro Energy Limited (DHyE), a subsidiary of DGPC, is implementing the project. OPEC Fund and Kuwait Fund have agreed to provide most of the funds required for the project.
The signing of this Agreement with Gerab Nyed-Yon and Tshokey Dorji Foundation demonstrates DGPC’s commitment to creating opportunities for the Bhutanese private sector to participate in the development of the country’s renewable energy sector. DGPC continues to explore the possibilities to enable the participation of every Bhutanese in the opportunities that are becoming available through investments in the renewable energy sector and through participation in the actual development by way of consultancies and contracting.
About Gerab Nyed-Yon Limited
Gerab Nyed-Yon Limited (GNY) is an autonomous entity established to professionally hold, manage and invest the assets and investments of the Zhung Dratshang, guided by its Royal Charter. GNY is committed to building a stable and sustainable financial foundation through prudent investment, strategic diversification and responsible growth across sectors including banking, healthcare, tourism, real estate, trading, manufacturing and other emerging opportunities. With Buddha Dharma at the heart of its mandate, GNY seeks to create long-term value while contributing to the preservation and promotion of Buddha Dharma and the broader well-being of the nation.
About Tshokey Dorji Foundation
Established in 2009 by His Holiness the Seventh Chabjye Namkhai Nyingpo Rinpoche, the Tshokey Dorji Foundation (TDF) is dedicated to preserving and promoting the Buddha Dharma, particularly the Vajrayana teachings, for the benefit of all sentient beings. Named after Guru Tshokey Dorji, one of the eight manifestations of Guru Padmasambhava, the Foundation supports monastic institutions and religious and charitable initiatives in Bhutan and beyond.
