World Bank Approves $815 Million Financing for Bhutan's Dorjilung Hydroelectric Power Project
The World Bank Group has approved an $815 million financing package for Bhutan's Dorjilung Hydroelectric Power Project, which will enhance hydropower generation and regional clean energy trade. Expected to produce over 4,500 GWh of clean electricity annually, the 1,125 MW project will increase Bhutan's energy production and exports while addressing seasonal energy gaps. The initiative is anticipated to create thousands of jobs and bolster local infrastructure in the Mongar and Lhuentse Districts.
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The World Bank Group has approved an $815 million financing package for Bhutan's Dorjilung Hydroelectric Power Project, aimed at enhancing hydropower generation and facilitating regional clean energy trade. The 1,125 MW project, located on the Kurichhu River, is projected to generate over 4,500 GWh of clean electricity annually, increasing Bhutan's energy production by 40% and energy exports by 42%.
The project will address Bhutan's seasonal energy gap, reduce reliance on winter energy imports, and generate surplus energy for export during summer. It aims to create thousands of jobs, support local enterprises, and improve infrastructure in Mongar and Lhuentse Districts. The financing includes a $150 million grant and a $150 million credit from IDA, alongside loans from IBRD and IFC, mobilizing an additional $900 million from private investors.
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