A new deal could boost the economy in Bhutan and Nepal while helping India and Bangladesh – but it is based on increasingly precarious hydro.
Dasho Chhewang Rinzin, the managing director of Druk Green Power Corporation Limited in Bhutan, commented on this situation in 2022 at a virtual World Bank event: “Many times, we are questioned about keeping all our eggs [hydropower] in one basket [India], and I retort by saying we have only one egg and one basket.” He said an agreement for regional electricity trade would help Bhutan diversify its basket.
He agrees there are risks: “This incremental climate risk needs to be subsidised by the Organisation for Economic Co-operation and Development [OECD) countries, because without developing hydropower resources in the region, South Asia is likely to continue its carbon-intensive economic growth.
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