The Joint Vision Statement on India-Bhutan Energy Partnership notes that there are unprecedented opportunities to further strengthening the mutually beneficial clean energy partnership, including through development of new energy projects and trade in electricity.
The vision statement follows wide ranging discussions in Thimphu which noted the stellar contribution of clean energy partnership in the development of hydro-power sector of Bhutan, and in providing energy security to the region. Bhutanese firms and technical agencies have demonstrated growing domestic capacity in implementation of energy projects.
Under the framework of the vision statement, India and Bhutan will engage in the development of new energy projects in the fields
of hydro-power; solar and green hydrogen, including through the participation of Indian entities as strategic partners. Both Governments will review and finalise project-specific implementation modalities for new projects, including reservoir hydro projects. India will facilitate necessary access to financing from financial institutions in India as well as market for powersalefornewandupcoming hydro-power projects in Bhutan.
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