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On this occasion the two sides signed:

(i) Tariff Protocol of Punatsangchhu-II Hydroelectric Project, marking another step in mutually beneficial
hydropower cooperation between the two countries. The 1020 MW Punatsangchhu-II Hydroelectric
Project was jointly inaugurated by Shri Narendra Modi, Prime Minister of India and His Majesty Jigme
Khesar Namgyel Wangchuck, The King of Bhutan, on 11 November 2025 and commenced export of surplus
power to India from 19 September 2025 at a mutually agreed starting tariff.

(ii) The Methodology for Reactive Energy Accounting of the reactive power exchange, a technical
framework aimed at enhancing grid stability, improving efficiency in cross-border electricity exchange,
and streamlining bilateral power trade.

The engagements during the visit are expected to pave the way for new avenues of collaboration,

Workshop on SHANTI Act, 2025: Enabling India’s 100 GW Nuclear Power Roadmap through Public –
Private Partnership

The Central Electricity Authority (CEA), in association with the Ministry of Power, Department of Atomic
Energy (DAE), and NTPC Limited, organized a high-level workshop at the Scope Convention Centre. The
workshop focused on the operationalization of the SHANTI Act, 2025, a legislative cornerstone intended
to scale India’s nuclear capacity to 100 GW to ensure long-term energy security and meet Net Zero targets.

The program commenced with the ceremonial lighting of the lamp, followed by addresses from senior
leaders who outlined the strategic necessity of the new legislative framework:

Ms. Seema Jain, Member (Finance), Department of Atomic Energy focused on the necessity of financial
preparedness, the development of robust risk-sharing mechanisms, and the evolution of institutional
frameworks to support large-scale nuclear deployment. She further underscored the importance of
fostering global technological partnerships and developing innovative and financing mechanism to
accelerate the growth of nuclear sector.

Shri Ghanshyam Prasad, Chairperson, CEA underscored that nuclear power is essential for providing
reliable, 24/7 clean energy to support India’s growing demand while simultaneously meeting international
climate commitments. He further emphasized the need to ensure a secure and uninterrupted supply of
nuclear fuel through diversification of sources and the establishment of long-term procurement
arrangements.

Shri Gurdeep Singh, CMD, NTPC, highlighted the importance of nuclear energy in the overall energy mix
and emphasized the need to accelerate preparatory activities such as land identification and site studies
to enable timely construction of new nuclear plants. He also underlined the need for partnerships in
technology and the supply chain. Referring to the SHANTI Act, he noted that it has opened the sector for
private participation, allowing industries to consider nuclear energy as a viable clean power source.

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