The MoU was signed by Shri R.S.T. Sai, CMD, THDC and Shri Yeshi Wangdi, Director General, Royal Govt. of Bhutan in the presence of Shri Satish C Mehta, Jt. Secy. (North) Ministry of External Affairs, Shri D.V. Singh, Director Technical, THDC and Ms. Kalayani Mishra, Dy. Secy., Ministry of Power Govt. of India along with other Officials of Ministry of External Affairs and Royal Govt. of Bhutan. The Bunakha project is a part of the Government of India’s initiative of developing 10,000MW of hydro power in Bhutan by 2020.

THDC has also been assigned the responsibility of updating the project report for the 4060MW Sankosh multipurpose project in Bhutan. To facilitate the work, THDC has established an office in Phuentsholing, Bhutan and offices at the Bunakha and Sankosh project sites.