PFC and REC to loan ₹4058 crore to strategic Bhutan JV hydropower project
New Delhi: State run Power Finance Corporation Ltd. (PFC) and REC Ltd. will loan Rs4,058 crore for the strategic 600-megawatt (MW) hydropower project being constructed at Trashi Yangtse in Bhutan.
Kholongchhu Hydro Energy Ltd (KHEL), a joint venture between India’ state run SJVN Ltd. and Bhutan government’ Druk Green Power Corporation Ltd is constructing the project.
Cross-border energy trade is a key part of Modi’s South Asia-focused, neighbourhood-first policy as India plans to build energy links to check China’s growing influence. Bhutan strategically located between India and China, has the potential to generate 30,000MW of hydropower, but has a capacity of just 1,490MW.
