The first special purpose vehicle to be established amongst the four joint venture hydroelectric projects to be undertaken between Druk Green and GOI public sector enterprises – the Kholongchhu Hydro Energy Limited will look after the construction of the 600 MW Kholongchhu hydroelectric Project in Trashi Yangtse and thereafter its operation and maintenance during the 30 years concession starting the commercial operations date.
With Druk Green and SJVN Ltd each hold 50% of the shareholdings of the KHyE, the joint venture company was incorporated in June 2015 to start the infrastructure works and get the major works awarded. Druk Green’s 50% equity financing will be made through a grant of the GOI to the Royal Government of Bhutan.
(A Joint Venture of SJVN & DGPC)
Doksum, Trashiyangtse: Bhutan