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India, Bhutan sign pact for first joint hydel project
Why it is in news?
- India and Bhutan signed a pact for the construction of the 600 MW Kholongchhu project.
About Kholongchu project:
- It is the first time an India-Bhutan hydropower project will be constructed as a 50:50 joint venture, not as a government-to-government agreement.
- The Kholongchhu project is one of four additional projects agreed to in 2008, as a part of India’s commitment to help Bhutan create a total 10,000 MW of installed capacity by 2020.