The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Group Files to Become Bhutan's First Hydroelectric Construction Company

An application filed last week with Bhutan's Ministry of Economic Affairs should give the south Asian country its first hydropower construction company, HydroWorld.com has learned.

The company -- to be called the Bhutan Energy and Infrastructure Limited (BEIL) -- hopes to capitalize on the country's natural resources by constructing new hydroelectric facilities and accelerating current projects.

Gopal Waiba, secretary of BEIL's interim executive committee, said the company had wanted to complete the registration process by March of this year, but registering some of the core promoters under Bhutan's Construction Development Board caused a delay.

With those hurdles cleared, however, Waiba says the Ministry of Economic Affairs should have the registration completed within a week.

BEIL says there are about 30 investors in the company -- each of which will contribute a minimum of about US$10,000 of the company's startup capital. That investment will be used to fund BEIL's first phase, which includes setting up the company, conducting feasibility studies and other relevant survey work required.

The second phase includes the purchase of equipement and the construction of hydropower plants, and money for this will be raised through the sale of public shares.

"Though it is a long-term investment, the company is planning to give dividends to shareholders by the fifth or seventh year of installment," Waiba says.

BEIL says its primary focus will be on sites with a capacity of 15 to 50 MW. 

HydroWorld.com reported in January on a study from the Worldwatch Institute that shows 90% of Bhutan's electrical supply comes from hydroelectric sources.

Untitled Document

RELATED ARTICLES

Cannonsville Dam leaking

Cannonsville Dam: Work Being Performed To Repair Leak at Future Hydro Site

Elizabeth Ingram

The New York City Department of Environmental Protection announced work is under way to repair Cannonsville Dam, which has been leaking muddy water.

Regional News from the July/August 2015 Digital Edition of Renewable Energy World

Renewable Energy World Editors EcoFasten Solar announced that it launched a new mounting "Rock-It System" that it would be displaying during Intersolar. Product compliance was determined through testing per UL Subject 2703, which reviews integr...

Mini-hydro Making A Big Impact on Nepalese Power

David Appleyard Renowned for its vast hydropower resources, the Himalayan nation of Nepal has nonetheless long struggled to meet its growing power demand. Now though, the devastating earthquake that struck the country in April 2015 is plac...

Cost Estimates for 1,200-MW Punatsangchhu-1 Hydroelectric Project Reach US$1.74 B

Gregory B. Poindexter

India's Union Cabinet has approved cost revisions for its intergovernmental agreement with the Royal Government of Bhutan to implement the 1,200-MW Punatsangchhu-1 hydroelectric project on Bhutan's Punatsangchhu River.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

StartUp Green

AREI, American Renewable Energy Institute, in partnership with ...

5th Annual Hydro Plant Maintenance

Join maintenance professionals to discuss the challenges in maintenance ...

GRC Fieldtrip - Geothermal Direct Use Tours of the Peppermill Resort

Free to all attendees (limited to 30 participants per tour) Located...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

Behind Every Good Decision

When something about your business isn’t working, you set out to c...

An Overwhelming Paradox

I’m sure we’re all very familiar with the feeling of being o...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS