New Delhi: Prime Minister Narendra Modi is all set to visit Thimphu this month, to formally inaugurate the 1,020-megawatt Punatsangchhu II hydropower project and take part in the 70th birthday celebrations of His Majesty The Fourth King of Bhutan, the father of the current monarch. This will be Modi’s fourth time to the neighbouring country since 2014.

The Punatsangchhu II hydropower project is a joint venture between India and Bhutan. It was fully commissioned in August and is entirely funded by India, through a grant (30 percent of the project cost) and a loan (remaining 70 percent). It is aimed at increasing Bhutan’s power capacity by 40 percent and strengthening regional energy security.

Ahead of Modi’s visit, Bhutanese PM Tshering Tobgay announced Tuesday that the ongoing Glob

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