On 19 October, the $18.26 million Renewable Energy for Climate Resilience Project was approved for the construction of the first utility-scale solar photovoltaic power plant in Bhutan. The power plant that will be built in central-west Bhutan, has a minimum total capacity of 17.38 megawatts peak and will generate 25 gigawatt-hours of electricity yearly. Almost all of Bhutan’s electricity is generated from hydropower. This project will help diversify its sources and help make the country less vulnerable to the impacts of climate change. Financing for the project consists of $8.26 million concessional loan and an ADB-administered $10 million grant from the Asian Development Fund. The Government of Bhutan is contributing $990,000 to the project. It is also supported by TA resources from ADB’s Technical Assistance Special Fund and from the Republic of Korea e-Asia and Knowledge Partnership Fund to finance learning opportunities on climate-resilient energy systems. More about this: ADB to Support Construction of Bhutan’s First Utility-Scale Solar Power Plant