B.Grimm and Druk Green Power Partner for Bhutan’s Solar Farm and Hydropower Initiative

Key Takeaways

B.Grimm Power and Druk Green Power Corporation have signed a MoU to develop hydropower and solar projects in Bhutan.
This marks the first Thai investment in Bhutan’s energy sector, enhancing bilateral cooperation.
The partnership aims to leverage local expertise and investment capabilities for sustainable energy development.

Partnership Announcement in Bhutan

Dr. Harald Link, Group President and Director of B.Grimm Power Public Company Limited (SET: BGRIM), announced that the company has entered into a Memorandum of Understanding (MoU) with Druk Green Power Corporation (DGPC) to collaboratively develop hydropower and solar energy projects in Bhutan. The signing ceremony took place in Thimphu, Bhutan, and was overseen by Prime Minister Tshering Tobgay, with attendees including Bhutan’s Minister of Energy and Natural Resources and senior executives from both companies.

This historic agreement represents the first Thai investment in Bhutan’s energy sector, signifying a shared commitment to renewable energy and enhanced bilateral ties between Thailand and Bhutan. The MoU outlines plans for the establishment of a Special Purpose Vehicle (SPV) to facilitate the development of select hydropower and solar initiatives, blending DGPC’s local expertise with BGRIM’s technical proficiency and investment capability in clean energy across Asia.

Dr. Link emphasized that the MoU serves as a crucial milestone not only for BGRIM’s international expansion in renewable energy but also for fostering a deeper relationship with Bhutan, a nation devoted to sustainability and happiness. He noted that this initiative aligns with B.Grimm’s principle of “Doing Business with Compassion,” expressing the company’s commitment to contributing to Bhutan’s green energy aspirations and a sustainable future for the region.

In further remarks, Dasho Chhewang Rinzin, Managing Director of DGPC, welcomed BGRIM as a mission-aligned partner and highlighted the collaboration as a pivotal move toward unlocking Bhutan’s renewable energy potential. The partnership aims to stimulate clean energy investments and facilitate technology exchange between the two nations.

As the selected projects move forward, they will be subject to detailed technical evaluations and financial assessments, along with adherence to regulatory and compliance standards set by both parties. This partnership underscores B.Grimm Power’s mission to broaden its renewable energy portfolio across Asia, reinforcing commitments to energy security, climate change mitigation, and sustainable development goals for the long term.

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