Tandi Dorji, founder of Green Energy Power Private Limited, said the project would be the first independent power producer (IPP) project in Bhutan. Bhutan has been drawing increasing interest from Indian power majors.
The project is part of the West Bengal-headquartered power utility's plan to add 1.5 GW of solar capacity in Bhutan over the next five years, the company said in a release.
Titled "Empowering Energy Security & Sustainable Growth," the policy consolidates and supersedes several prior frameworks, including the Bhutan Sustainable Hydropower Development Policy 2021, Alternative Renewable Energy Policy 2013, Domestic Electricity Tariff Policy 2016, and National Energy Efficiency & Conservation Policy 2019.
Bhutan's power demand is expected to more than double over the next two years, driven by projects such as the Gelephu Mindful City, expansion of energy-intensive industries, including ferrosilicon, and rising demand from digital infrastructure and crypto-mining activities, it said.
Bhutan''s Druk Green Power Corporation and India''s Carbon Resources Private Limited have agreed to collaborate on new solar and hydropower projects in Bhutan with capacities between
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