The Asian Development Bank (ADB) has named an India-based consultant joint venture to help Bhutan’s Department of Energy promote hydropower development for economic growth and for export.
PricewaterhouseCoopers Pvt. Ltd., in association with M.G. Ramachandran &Associates, India, received a US$1.3 million contract for advisory and operation activity. ADB recruited consultants in 2008. (HNN 9/10/08)
ADB is providing technical assistance to Bhutan’s Department of Energy to enhance its Promotion of Clean Power Export Development program. The assistance is to result in strategy and an action plan to broaden financing avenues for future large hydropower projects for Bhutan’s Druk Green Power Corp. (DGPC) and Druk Holding Investment. (HNN 7/22/08)
The assistance also is to build capacity of DGPC to manage development of commercial hydropower projects involving private and foreign investments. Another goal is to build capacity of the Department of Energy to implement hydropower development policy.