The Green Power Development Project in Bhutan is the first certified cross-border clean development mechanism project in the world and was recently honored by the US Treasury. Pic: ADB |
The ADB’s Green Power Development Project in Bhutan is one of the five international development projects honored by the U.S Treasury
The Dagachhu
hydropwer development project , a 126 mega watt (MW), which is a run-of-river
type is among the recipents of the US Treasury Department’s Development Impact
honors.
The project
is an Asian Development Bank’s (ADB) green energy project that brings greater
electricifaction to rural households in Bhutan and boosts access to green power
in neighboring India.
The project was awarded the honors at the second annual Development
Impact Honors ceremony, held in Washington, US, last week.
“As this
project in Bhutan has shown, sharing of hydropower resources is a win-win
solution, which is anchored on mutual trust and shared interest,” said Xiaoyu
Zhao, ADB’s Vice President of Operations.
The US
Treasury recognized a total of five development projects and initiatives
undertaken by multilateral development banks.
These include the Asian
Development Bank’s Bhutan Green Power Project, African Development Bank’s Cote
D’Ivoire Project; the Uganda Community Agricultural Infrastructure program by
the International Fund for Agricultural Development and the African Development
Bank; the Inter-American Development Bank’s Mexico Training and Employment
program; and the World Bank Group’s Post-Earthquake Assessment Project for
Haiti.
The projects
were judged in a number of categories, including their effectivenss, focus and
quality of the work and success in overcoming development obstacles. Many of
the projects are geared toward empowering vulnerable groups like women and
children.
“The
projects we are honoring are new high impact approaches to internationl development,
and they reinforce our values-whether it is developing clean energy sources,
advancing women’s economic equality, promoting food security or helping the
most vulnerable populations,” said Jacob J. Lew, the U.S Treasury Secretary.
The green
power development project in Bhutan is the first certified cross-border clean
develoment mechanism project in the world.
The project in
Bhutan has two components which include regional clean power trade and
renewable energy access for the poor.
Under the
first component, the Dagachhu hydropower development aims to export power from
Bhutan to India through the existing grid to India.
The rural
electrification componend will provide access to electricity sourced from
hydropower to 8,767 households and facilities with grid extensions and
electircity sourced from solar energy to 119 remote public facilities on an off
grid basis.
The Dagachhu
hydropower development is promoted by a joint venture company between Druk
Green Power Corporation (DGPC) in Bhutan and Tata Power Company in India throug
a public private partnership (PPP).
The Green
Power Development Project in Bhutan is the first certified cross-border clean
development mechanism project in the world. It is constructed to deliver carbon
free clean energy to India, replacing electricity produced by fossil fuel
generators.
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