AGP Executive Report
Last update: 11 hours agoIndia–Bhutan deal flow: EAM S Jaishankar’s two-day visit to Bhutan (Sept 16-17) with Foreign Minister Lyonpo D.N. Dhungyel focused on development partnership, energy, trade, connectivity and people-to-people ties, alongside inaugurations and a hydropower foundation stone—65-bed Mother and Child Hospital in Mongar, Jaganathan Bridge in Samdrup Jongkhar, and the 500 kW Lunana Hydropower Project. Dairy push: Jaishankar also handed over 43 pureline Jersey cows to Bhutan’s National Cattle Breeding Centre in Bumthang to boost milk productivity for farmers. Energy diversification: Bhutan’s solar expansion is accelerating as winter river flows tighten, with projects like Dechencholing (4.45 MW) and Sephu (over 22 MW) pointing to a broader shift beyond hydropower-only reliance. EV rollout planning: Bhutan’s Department of Surface Transport released an EV charging masterplan proposing phased expansion across dzongkhags based on demand and grid proximity, warning against adding stations where existing ones are underused. Payments & banking tie-ins: Rupali Bank signed a Visa agreement to expand its Visa card business (reported in Bangladesh), while India’s UPI is set to introduce a 0.4% MDR on person-to-merchant payments above Rs 2,000 from Oct 15—an ecosystem sustainability move that keeps most everyday payments free. AI infrastructure with Bhutan link: Bitdeer’s update includes a non-binding plan to develop an AI data center in Bhutan’s Gelephu Mindfulness City, targeting 30 MW initially with a pathway to 500 MW.
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