Saturday, June 7, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Bhutan signs agreement with European Investment Bank for 150 million Euros loan

April 21, 2024
in Economy, Other Stories
Reading Time: 2 mins read
0
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

Bhutan signed an agreement with the European Investment Bank, EIB on Thursday for a loan of 150 million Euros. This marks the first-ever EIB project on Supporting Reliable, Green Energy for Communities in Bhutan. The amount will be used to support the development of solar photovoltaic and hydropower plants in Bhutan.

The agreement was signed by Finance Secretary Leki Wangmo and acting EIB Global Managing Director Markus Berndt in the presence of Nadia Calviño, the EIB president, in the United States.

According to a press release from the Ministry of Finance, the amount will be used in constructing small to mid-size run-of-the-river hydropower plants and solar photovoltaic installation, which in turn is expected to diversify Bhutan’s renewable energy generation.

According to the press release, the president of the European Investment Bank talked about the dynamic importance of such agreements. He said that “bringing green, reliable, and affordable energy to communities around the world, especially in more remote regions, has huge benefits not just in environmental terms but also by improving access to health, education, and economic activity.”

Meanwhile, the press release says that finance minister, Lekey Dorji highlighted the importance of the agreement for Bhutan in maintaining its carbon neutrality. He said that “As Bhutan strives to maintain its carbon-negative status amidst rising global challenges, this partnership not only strengthens Bhutan’s renewable energy sector but also contributes to the broader regional and global effort in combating climate change.”

According to pv magazine, a global solar and storage media platform, the loan with a tenure of 30 years, will support the generation of around 310 megawatts of new renewable energy to help remote regions in Bhutan. According to the magazine, Druk Green Power Corporation will be tasked with the implementation of the new projects.

Karma Samten Wangda

Edited by Kipchu 

Previous Post

Instructors trained for Gyalsung Community Security Skilling Training

Next Post

Long-overdue road maintenance and resurfacing expected to ease challenges in Samdrup Jongkhar

Next Post
Long-overdue road maintenance and resurfacing expected to ease challenges in Samdrup Jongkhar

Long-overdue road maintenance and resurfacing expected to ease challenges in Samdrup Jongkhar

New fuel station at Nobding brings relief to Wangdue Phodrang residents

New fuel station at Nobding brings relief to Wangdue Phodrang residents

Child sexual violence on rise in Thimphu

Child sexual violence on rise in Thimphu

Please login to join discussion

RECOMMENDED NEWS

National Basketball men’s team gearing up for South Asian Championship

National Basketball men’s team gearing up for South Asian Championship

10 years ago
10

90 from Bhutan and India gather in Sherubtse College

13 years ago
1

Sibjam- to address market issues for farmers

4 years ago
3
Agreement signed to establish International Solar Alliance’s STAR Centre in Bhutan

Agreement signed to establish International Solar Alliance’s STAR Centre in Bhutan

1 year ago
49

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (277)
  • Education (412)
  • Entertainment (13)
  • Environment (60)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (6)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (515)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September
  • Bhutan begins NFT sales, to preserve heritage
  • City bus viability raised in parliament, MoIT minister cites past privatisation failures
  • Paro MP questions airport expansion impact on affected landowners

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.