Bhutan is planning to increase its hydropower generation capacity by 15 gigawatts by 2040, with a $22.5 billion initiative. The country aims to revitalize its struggling economy through a combination of blended finance and green bonds.
The CEO of Druk Holding and Investments Ltd., which oversees Bhutan's sole power generation utility, emphasized the significance of this project. Bhutan's strategic location between India and China makes its energy development crucial for regional economic stability.