Currently only India is invested in the sector but the Kingdom has liberalized its foreign direct investment structure to attract global investments.
The two countries had signed the Indo-Bhutan power sector agreement of 2006 to secure 5000MW Extra hydropower from Bhutan by the year 2020 which has since been increased to 10,000MW, reported the Economic Times.
Commenting on the invitation to global companies to invest in Bhutan’s hydropower sector Consul General of Bhutan Dasho Tsering Wangda remarked that the country was now better aware of its high potential in the sector.
"It was clearly visible during all our recent business road shows in many countries. It is a good opportunity for Bhutan to utilize foreign investment.
"Now we have decided to open up our hydropower sector at global level.
"Bhutan is now keen and ready to expand its hydropower horizon to ensure best possible global level utilization of its potential," said Wangda.
