Author page: DGPC Media

The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development extends its first USD 50 million (M) loan to Bhutan to boost hydropower. The OPEC Fund for International Development has signed its first loan agreement with the Kingdom of Bhutan, marking a historic milestone in the partnership. According to the Ministry of Finance…

The construction of the much-anticipated 600 MW Khorlochhu Hydropower Project will commence from November 2024 following the finalisation of the Shareholders’ Agreement between Druk Green Power Corporation (DGPC) and Tata Power Trading Company (TPTC), which was signed on October 25, 2024, in Mumbai, India. Under this strategic partnership, the DGPC will hold a 60 percent…

The Druk Holding and Investments (DHI) is exploring the possibility of harnessing geothermal energy from potential sources across Bhutan. Geothermal energy heat offers a significant opportunity to reduce greenhouse gas emissions while providing a reliable, year-round electricity source. Currently, Bhutan relies heavily on hydropower for its electricity needs, with solar energy recently gaining attention. To…

DGPC signed an agreement with the State Bank of India on October 13, 2024, in Thimphu to avail a loan of INR 14 billion. The signing ceremony was attended by officials from the Ministry of Energy and Natural Resources, the Embassy of India, Druk Holding and Investments, as well as representatives from SBICAPs and Bank…

Bhutan’s clean energy resources and access to the vast Indian market offer promising opportunities for attracting foreign investment.  This was one of the key themes during discussions at the Bhutan Innovation Forum, which concluded on October 3.  With robust frameworks in place, the country’s portfolio of green and renewable assets—especially its hydropower—holds considerable promise for…

Bhutan is gearing up for an ambitious energy transformation over the next 15 years, aiming to add 15,000 megawatts (MW) of hydropower and between 5,000 and 6,000 MW of solar energy to its current capacity. With 2,500 MW of hydropower already operational and about 3,000 MW under construction, Bhutan plans to achieve a total installed…

The aim is to develop 1,270 MW hydro and solar power projects Bhutan has taken a major step toward expanding its renewable energy portfolio with the signing of a Memorandum of Understanding (MoU) at the Bhutan Innovation Forum between Druk Holding and Investments Ltd. (DHI) and the Reliance Group. The agreement sets the stage for…

The 33 MW Parochu Integrated Multipurpose Hydropower Plant (IMHP), located in Tsento Gewog, Paro, is progressing steadily and has raised hopes, not only for increased energy generation but also for providing solutions to water shortages in the region.  IMHP is positioned to address multifaceted needs, blending hydropower development with water supply benefits for downstream communities.…