Bhutan is exploring a $22.5 billion plan to expand its hydropower capacity by 15 gigawatts by 2040, utilizing blended finance and green bonds to stimulate its economy. With existing capacity at 2.4 gigawatts and 3.1 gigawatts under construction, the initiative aims to attract foreign investment and create jobs, including plans for a 1,000-square-kilometer technology and finance hub.
Bhutan is exploring funding options for a $22.5 billion expansion of its hydropower capacity, aiming to add 15 gigawatts by 2040. The initiative will utilize a combination of blended finance and green bonds to support the country's economic revival, according to Ujjwal Deep Dahal, CEO of Druk Holding and Investments Ltd.
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