Writing for the Business Insider, Polly Thompson, on 25th November, 2023 made a startling revelation that Bhutan, a longtime exporter of hydropower to India, imported US$20.7 million worth of electricity during the year 2023.
Amazing numbers! But if it is true, we have to begin to wonder: what can we attribute this reversal of fortune to? A quantum jump in domestic consumption? That is good news! It means, Bhutan need no longer be dependent on the export market for our energy production potential: our in-country demand and consumption can finally deliver us from the cruel clutches of the single-basket market vagary.
Such a shift in scenario opens up a whole lot of possibilities for Bhutan – for one, project financing. I believe that access to finance will now be lot easier than in the past.
Bhutan's Hydro Committee in 2018 recommended that Amocu and Chamkharchu basins remain hydropower free for all times to come. Accordingly, the withdrawal of the Amochu and Chamkharchu Hydropower Projects was announced by the Royal Government of Bhutan during the National Assembly Session in May, 2019. Regardless, we have many other potential projects in the pipeline.
For years some have unjustly accused me of being anti-hydropower although I have gone hoarse shouting that I am NOT against hydropower – but in the MANNER IN WHICH IT IS CURRENTLY DONE IN BHUTAN. Hopefully, now we can look forward to doing things the right way: speedily, with the right intentions, minimal corruption, purposeful and appropriate management team, competent design and engineering, environmentally less destructive, and site selection that will not encounter the now famous “geological surprises” in the middle of project implementation.
His Majesty the King was categorical during His 116th National Day speech that in the scheme of things, we must not fail to harness our abundant potential in wind, solar and hydro - to produce energy to power our growth. I agree!
So, let us put the show on the road – let us begin with the Bunakha Reservoir Project to start with – I am talking of just the reservoir – sans the HE component for the moment. It will be the fastest, cheapest and technically less daunting! It will nicely complement the planned Gelephu initiative.
There's certainly a lot to find out about this subject.
ReplyDeleteI like all of the points you have made.