Union Cabinet approves the Revised Cost Estimate of Punatsangchhu-II Hydroelectric Project in Bhutan

Posted on:14 Jul 2016 18:27:25

Union Cabinet approves the Revised Cost Estimate of Punatsangchhu-II Hydroelectric Project in Bhutan
14 July 2016 Current Affairs GK: The Union Cabinet has given its approval for Revised Cost Estimate (RCE) of 7290.62 crore rupees for the ongoing 1020 MW Punatsangchhu-II Hydroelectric Project (HEP) in Bhutan.

 The Hydroelectric project seeks to provide surplus power to India and thus augment power availability in the country. 

The approval of RCE would enable project works to proceed smoothly without interruption and the total cost escalation for the project after RCE at this stage is 3512.82 crore rupees.

India and Bhutan had signed a bilateral agreement to execute the Punatsangchhu-II HEP in April 2010. The project was approved cost of 3777.8 crore rupees with funding by Union Government as 30% grant and 70% loan at 10% annual interest. 

The main factors behind cost escalation were due to inflation from March 2009 to March 2015 and increase in capacity of HEP from 990 MW to 1020 MW. Besides, change in surface power house to underground power house and additional requirements of Bhutan’s National Transmission Grid Master Plan and adverse geological condition also escalated the cost.

Gk Current Affairs April 2017

25 APRIL
NEWS
24 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS

Gk Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Gk Current Affairs February 2017

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
25 FEBRUARY
NEWS
24 FEBRUARY
NEWS




Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.