Modi lays foundation stone of Kholongchu hydro-power project

Prime minister Narendra Modi today laid the foundation stone of the 600MW Kholongchu Hydro- electric project, a joint venture between India and Bhutan.

The project's foundation stone was laid by Modi electronically from the courtyard of Bhutan's Parliament building after addressing a joint session.

Three Hydro-electric projects (HEPs) totalling 1416 MW (Chukha, Tala and Kurichu) are already operational.

Three more HEPs [Punatsangchu I (1200 MW), Punatsangchu II (1020 MW) and Mangdechu (720 MW)] are under construction. They are scheduled to be commissioned in 2017-18.

In April, 2014, the two countries had signed a framework agreement on four more JV-model HEPs totalling 2120MW. Of these, pre-construction activities for the 600MW Kholongchu HEP as a JV-model HEP between Satluj Jal Vidyut Nigam (SJVN) and Druk Green Power Corporation (DGPC) will commence soon.

"Our hydropower cooperation with Bhutan is a classic example of win-win cooperation," an Indian official said, adding that "the hydropower projects generate export revenues for Bhutan, cement our economic partnership and provide clean and low-cost electricity to India."

Modi arrived here yesterday on his first foreign trip after assuming office last month.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Indian-promoted global corporations must follow accounting best practices

    The international advisory board (IAB) of capital market regulator Securities and Exchange Board of India (Sebi) has suggested that separate governanc

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Cost of education must be controlled

In India, we pay very little attention to the cost ...

Rajgopal Nidamboor

Focus to keep your daily qualms at bay

Philosophers and scientists have, for long, compared the human brain ...

Gautam Gupta

What we can learn from the French fashion scene

It was a pleasure and a treat to experience one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture