Bhutan, February 20, 2025
Deloitte Touche Tohmatsu India LLP has been given a BTN 101,587,708.90 contract under the World Bank-funded Sustainable Hydropower Development Project in Bhutan, marking a major advancement in the development of clean energy. The historic Dorjilung Hydropower Project, a key element of Bhutan's long-term renewable energy strategy, will receive financial advisory services under the terms of the contract, which was signed on February 20, 2025.
Overview of the Project
With funding from the World Bank's Trust Fund (TF-B8007), the Sustainable Hydropower Development Project (P174327) seeks to increase Bhutan's ability to plan, finance, and build hydropower infrastructure that is socially and environmentally responsible. A key project under this programme is the Dorjilung Hydropower Project, which aims to increase Bhutan's capacity to export clean energy while preserving ecological harmony and societal advantages.
Deloitte India, the chosen consultancy, will provide full financial advisory services, including project structuring, risk assessment, financial modelling, and advice on possible public-private partnership frameworks, as part of the QCBS (Quality and Cost-Based Selection) procurement method.
Authority for Procurement
The project's implementing agency is the Druk Green Power Corporation Limited (DGPCL), the top state-owned hydropower company in Bhutan. The DGPCL, which operates under the World Bank's procurement framework, is in charge of making sure that the consulting partners chosen for strategic energy development projects are open, competitive, and compliant with international standards.
Deloitte Touche Tohmatsu India LLP was the successful bidder.
As a member of the global Deloitte network, Deloitte India offers extensive knowledge of energy economics, project advisory services, and infrastructure finance. The company is anticipated to be crucial in maximising the financial feasibility and investor confidence for Bhutan's Dorjilung Hydropower project. It has a track record of providing advice on multilateral-funded infrastructure projects throughout South Asia.
The agreement reaffirms Bhutan's dedication to using top-notch knowledge to create bankable and sustainable hydropower projects, which continue to be the foundation of the nation's economy and a key component of its bilateral energy cooperation with its neighbours.
Strategic Significance
One of Bhutan's next-generation renewable energy resources, the Dorjilung Hydropower Project is expected to support regional power exports as well as domestic energy reliability. The selection of Deloitte India guarantees sound financial planning in line with the World Bank's environmental and social safeguards as well as Bhutan's vision for green growth.
The project's emphasis on sustainability helps achieve carbon reduction targets and solidifies Bhutan's standing as a world leader in the production of clean hydropower.
In summary:
This consultancy's award to Deloitte Touche Tohmatsu India LLP represents a significant turning point in Bhutan's development of sustainable hydropower. This partnership is anticipated to establish new standards for open, economical, and ecologically conscious energy development in the area as the Dorjilung Hydropower Project enters its advanced planning phases.
Tags:
#Bhutan, #WorldBank, #Hydropower, #RenewableEnergy, #DeloitteIndia, #FinancialAdvisory, #SustainableDevelopment, #CleanEnergy, #InfrastructureProjects, #DorjilungHydropower, #ProcurementNews, #GovernmentContracts
