Bhutan’s financial institutions need to ensure strong underwriting standards on ESP: IMF

The Economic Stimulus Plan (ESP) is anticipated to aid Bhutan’s economic recovery by increasing capital expenditure under the forthcoming five-year grant, as highlighted by the International Monetary Fund (IMF). However, the IMF underscores the necessity …

DGPC and Tata Power partner to develop 5,000MW clean energy in Bhutan

Projects encompass 2,000 MW hydro, 500 MW solar and 2,500 MW of pumped storage capacities ensuring round-the-clock energy supply to Bhutan and India Dechen Dolkar In a landmark collaboration, Tata Power Company Ltd, one of India’s largest integrated power …

Bhutan eyes carbon markets at COP29 to fund sustainable development

Yangyel Lhaden Baku, Azerbaijan—As negotiators at the 29th Conference of Parties (COP29) continue discussions on Article 6 of the Paris Agreement, Bhutan is looking to tap into carbon markets to generate debt-free funds for renewable energy projects, …

Tata Power and Druk Green Power sign MoU to develop 5,000 MW renewable energy in Bhutan

Thimphu: Tata Power Company Ltd has entered into a strategic partnership with Druk Green Power Corporation Ltd (DGPC) to collaborate and develop at least 5,000 MW of clean energy generation capacity in Bhutan. The Memorandum of Understanding (MoU) was …

Tata Power, Druk Green ink pact to develop 5,000 MW clean energy in Bhutan

New Delhi: In a significant step towards regional energy security and clean energy collaboration, Tata Power Company Limited and Bhutan's Druk Green Power Corporation Limited (DGPC) have entered into a strategic partnership to develop at least 5,000 MW …

New international tourist gateway to Bhutan expected to boost tourism

Ministry of Industry, Commerce and Employment, Director of the Department of Tourism, Damcho Rinzin says, “It is an important milestone in the history of tourism, and it is also great news for tourism”. “We are thrilled to invite travellers to discover the …

Why people have left Bhutan, a country that prioritizes happiness

It sounds like something out of a fairytale.. a beautiful, remote land, with an enlightened king adored by his subjects.. a place with tall mountains, lush forests, flowing rivers and clean air.. where happiness is valued above all else. We're …

How Bhutan finds itself facing an existential crisis

Bhutan, the tiny kingdom that introduced Gross National Happiness to the world, has a problem: young people are leaving the country in record numbers.  The country boasts free health care, free education, a rising life expectancy and an economy that's …

The ancient traditions of Bhutan

This week on 60 Minutes, correspondent Lesley Stahl reported from Bhutan, a small, remote country tucked away in the Himalayan mountains.  The Buddhist kingdom is known for its awe-inspiring mountains, pristine forests, beautiful temples and spirituality.  …

Bhutan building Mindfulness City to create jobs, lure young Bhutanese home from abroad