India courting Bangladesh for investment in Bhutan
India is courting neighbouring country Bangladesh for investment in hydropower projects in Bhutan.
So far, only has been investing in Bhutanese power plants under the agreement that all power generated from these plants would be sold to Indian market.
News reports say that India and Bangladesh officials will sign accord on this issue next month when India’s power secretary Pradip Sinha visits Dhaka.
The news comes during the visit of Bangladeshi foreign secretary Shahidul Haque’s visit to New Delhi.
The joint India-Bangladesh investments are likely to be in Sankosh, downgraded from 4050MW to 2560MW, and Kuri-Goongri, the two largest plants being built with Indian support.
Bangladesh has been seeking power purchase from Bhutan since few years but absence of transmission line has caused the delay.