Punatsangchhu II HEP in Bhutan approved by Union Cabinet

Q.  Union Cabinet has approved estimate for which project in Bhutan on 16th July, 2016?
- Published on 18 Jul 16

a. Punatsangchhu-I
b. Punatsangchhu-III
c. Punatsangchhu-IV
d. None of the above

ANSWER: None of the above
 
Union Cabinet chaired by PM Narendra Modi has approved the revised cost estimate of INR 7290 crore for an 1020 MW Punatsangchhu- II Hydroelectric Project in Bhutan.
  • Total cost escalation for the project at this stage is pegged at INR 3512 crore.
  • Bilateral agreement was signed by India and Bhutan in April 2010 with funding from GoI as 30 percent grant and 70 percent loan at 10 percent annual interest will be paid back in thirty equated semi,annual instalments.

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