Joint Vision Statement on India-Bhutan Energy Partnership

Summary and Important Points:

1. Bilateral Relations and Energy Cooperation

• Context: Strong India-Bhutan relationship; focus on clean energy and hydro-power sector.

• Appreciation: Bhutanese energy project capacities and India’s renewable energy growth.

2. Ongoing Projects and Future Endeavors

• Success: Functioning energy projects like the Mangdechhu Hydro-electric Project.

• Prospects: Anticipation for the Punatsangchhu-II Hydro-electric Project and discussions on Punatsangchhu-I.

3. Expansion of Energy Partnership

• Goals: Enhance energy security, economic strengthening, and regional development.

• Areas: Hydro-power, solar, and green hydrogen projects.

4. Implementation and Market Access

• Commitments: Finalizing modalities, facilitating financing, and ensuring power sale.

• Trade: Continued power exchange and market access as per domestic norms.

5. Sub-regional Cooperation and Efficiency

• Strategy: Promoting sub-regional energy cooperation and enhancing energy efficiency.

• Actions: Regular consultations, capacity development, and information exchange.

Additional Information

• International Solar Alliance: Initiated by India to promote solar energy.

• National Green Hydrogen Mission: Indian initiative aiming at green hydrogen sector development.

Examination Perspective and Concise Points for Use

• Clean Energy Collaboration: Importance of bilateral partnerships in enhancing regional energy security.

• Sustainable Development: Role of renewable energy projects in economic and environmental sustainability.

• Policy and Strategy: Understanding the dynamics of international energy cooperation and policy frameworks.

Key Words to Remember

• India-Bhutan Energy Partnership

• Hydro-power Projects

• Renewable Energy

• Green Hydrogen

• Energy Security

Link to Article : Press Information Bureau (pib.gov.in)

Release On : 22 March 2024