A concession agreement for the first India-Bhutan joint venture hydroelectric project was signed on Monday, paving the way for commencement of its construction and other related works.
The concession agreement for the 600 MW Kholongchhu project between the Bhutanese government and Kholongchhu Hydro Energy Limited was signed in the virtual presence of External Affairs Minister S Jaishankar and his Bhutanese counterpart Tandi Dorji, a Ministry of External Affairs (MEA) statement said.
“The signing of the concession agreement will lead to commencement of construction and other works of this first joint venture hydroelectric project between India and Bhutan. The project is expected to be completed in the second half of 2025,” it said.
