The Bhutanese Leading the way.
The INR crunch has brought the value of the BTN down by 20%. This means that Nu 100 is equivalent to Rs 80. People are now willing to pay an extra 20% BTN in order to get supplies at the border towns. There are two factors determining this: one is …
Read More »Punatsangchu I and II costs escalate by Nu 48 bn, inflation the cause
As if the rupee crisis was not enough already, Bhutan will have to gear up to avail more rupee loans than originally estimated for its upcoming 10,000 MW projects. The cost of the 1,200 MW, Punatsangchu I and 1,000 MW Punatsangchu II project has increased from its original estimate of …
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