ADB Approves $160 Million Loan to Scale Up Bhutan's Solar Power and Attract Private Investment
Bhutan, June 30 -- The Asian Development Bank (ADB) has approved a $160 million ordinary capital resources loan to scale up solar power generation in Bhutan. The project will deploy at least 310 megawatts (MW) of new solar generation capacity and attract private investment through the country's first private-majority public-private partnership (PPP) in the energy sector.The Solar Farm Expansion Project will develop three solar farm subprojects. The Wobthang (120 MW) and Pedseling (40 MW) solar power farms in Bumthang will be constructed by Druk Green Power Corporation (DGPC), while the Dramthang (150 MW) solar farm in Lhuentse is expected to be developed through a joint venture between DGPC and Tata Power Renewable Energy Limited. Bhutan Po...
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