India announces Rs 4,000 cr concessional credit line to fund energy projects in Bhutan

India and Bhutan on Tuesday inaugurated a 1,020-MW hydropower project built with Indian assistance as Prime Minister Narendra Modi said progress and prosperity of the two countries is closely linked and that there will be greater focus on boosting connectivity.

Modi and King Jigme Khesar Namgyel Wangchuck inaugurated the Punatsanchchhu-II project following their wide-ranging talks. Electricity generated from the project will be supplied to both countries.

The Indian side also announced a concessional credit line of Rs 4,000 crore to fund energy projects in Bhutan.