AGP Executive Report
Last update: 3 minutes agoHydropower Deal: JSW Energy and Bhutan’s Druk Green Power Corporation (DGPC) signed a shareholders’ agreement to jointly develop the 920 MW Punatsangchhu-III project, with DGPC holding 51% and JSW Neo Energy 49%, and detailed project work now underway. Trade & Reserves: Bhutan’s trade deficit widened to nearly Nu 24bn in Q2 as imports hit about Nu 42.7bn, driven by fuel, food, smartphones, vehicles and networking gear; India remains the biggest import source. Local Budgeting: Thimphu District allocated about Nu 706M for 2026-27, with gewog funding shaped not just by population but also poverty, climate risks, GNH indicators and transport needs. Cordyceps Market: In Naro, some cordyceps collectors held back sales after auction prices disappointed, citing limited buyer competition and uncertainty over future trade. Mental Health Services: PEMA expanded mental health and protection services nationwide, including helpline 1098, school and community support, and maternal mental health screening across all 20 dzongkhags. Tax Clarity: Bhutan’s Finance Ministry clarified that fixed-deposit interest earned before Jan 1, 2026 stays tax-exempt even if credited later.
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