Bhutan Secures Dollar 515 Million World Bank Support for Major Hydropower Project

Thimphu/New Delhi, May 5 (BNP): Bhutan has signed financing agreements worth $515 million with the World Bank to advance the Dorjilung Hydropower Project, a large-scale renewable energy initiative being developed in partnership with Tata Power and Druk Green Power Corporation (DGPC).

Planned as a 1,125 MW project under a public-private partnership model, it will be the largest hydropower venture in Bhutan. DGPC will hold a majority stake of 60%, while Tata Power will own the remaining 40%.

The project is expected to generate around 4,500 GWh of electricity annually. A major share of this power will be supplied to India, helping meet growing demand, especially during peak periods, while also strengthening Bhutan’s position as a clean energy exporter.

The initiative underscores growing regional cooperation in sustainable energy and is expected to contribute to economic development and long-term energy security for both countries.