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Government introduces Bill Discounting Facility to expedite contractor payments

Government introduces Bill Discounting Facility to expedite contractor payments

Contractors working on government projects can expect to receive their payments on time. The financial institutions introduced a new service, the Bill Discounting Facility today. This service is designed to expedite payments to contractors who usually experience delays in receiving payment upon completion of their work due to prolonged processes. However, with this facility, contractors will be able to present...

DGM calls for preparedness and strengthening earthquake-resilient building codes

DGM calls for preparedness and strengthening earthquake-resilient building codes

The recent Tibet earthquake with its tremors felt across the Himalayas was a cause for alarm for Bhutan. While the quake had only triggered an avalanche in Lunana, the Department of Geology and Mines emphasises that adhering to earthquake-resilient building codes is crucial for withstanding future seismic shocks in major towns. The earthquake-resilient building codes are systematically implemented in Bhutan...

Khorlochhu Hydropower Project takes off with Nu 16.8bn contracts

Khorlochhu Hydropower Project takes off with Nu 16.8bn contracts

The 600-megawatt Khorlochhu Hydro Power Project took a major step forward with the signing of four contracts worth Nu 16.8bn on 10th January. The contracts will cover the construction of a dam and powerhouse. The two main shareholders, Druk Green Power Corporation and Tata Power Company Limited, also held their first general and board meetings in Trashi Yangtse, appointing the...

NCHM monitoring Lunana glacial lakes after Tibet earthquake triggers massive avalanche near Thanza village

NCHM monitoring Lunana glacial lakes after Tibet earthquake triggers massive avalanche near Thanza village

A day after a powerful earthquake struck Tibet's Shigatse region, with tremors felt across Bhutan, the National Centre for Hydrology and Meteorology reported a massive avalanche sweeping through the Bechung Glacier near Thanza village in Lunana Gewog. The earthquake's impact was strongest in Bhutan's Gasa district, which registered an intensity of magnitude four. No casualties have been reported in the...

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