SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

ADB Green Energy Project in Bhutan Wins US Treasury Honors
[July 26, 2013]

ADB Green Energy Project in Bhutan Wins US Treasury Honors


Jul 26, 2013 (M2 PRESSWIRE via COMTEX) -- An Asian Development Bank (ADB) green energy project that brings greater electrification to rural households in Bhutan and boosts access to green power in neighboring India is among the recipients of the U.S. Treasury Department's Development Impact Honors.



"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 Vice President of Operations, while accepting the award during a ceremony in Washington, D.C. Photo Essay: Green Energy Project in Bhutan Wins US Treasury Honors The Green Power Development Project in Bhutan is the first certified cross-border clean development mechanism project in the world. Using a public-private partnership, the 126-megawatt Dagachhu hydropower facility was constructed to deliver carbon-free clean energy to India, replacing electricity produced by fossil fuel generators.

Government royalties from the project will subsidize the development and operation of Bhutan's rural electrification network, bringing power to about 9,000 households in remote communities where mountainous terrain and small populations make the constructing and maintaining of grids too costly. Royalties will also finance solar power systems to electrify rural schools, health clinics, monasteries, and community centers.


ADB's Green Power Development Project in Bhutan was one of five international development projects honored by the U.S. Treasury. The Development Impact Honors recognizes outstanding projects undertaken by multilateral development banks and showcases these effective success stories.

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.com on the world wide web. Inquiries to info@m2.com.

[ Back To TMCnet.com's Homepage ]







Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy