Bhutan government will produce 10,000 mw of hydro-power for India by 2020 under a joint venture, its consul general Dasho Tsering Wangda said today.
India will provide Rs35000 crore for the venture. "On India's request we will provide power annually from this project which will be on a 70% loan and 30% grant," he told newsmen here.
The loan will be repayable in 12 years, while the entire technical support will be provided by India, Wangda said.
Asked the Bhutan envoy rejected the oft-repeated charge that release of excess water from dams in Bhutan constructed upstream of rivers flowing thorugh Assam caused flash floods, particularly in lower Assam during the rainy season.
"This is totally false as our power projects do not displace people. Sometimes for a couple of days when there is heavy downpour there is automatic flow of water downstream," he said.
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