Bhutan Power Corporation

What Bhutan Power Corporation does

Bhutan Power Corporation Limited (BPC) is the national electricity transmission and distribution utility of Bhutan, operating as a state-owned enterprise wholly owned by Druk Holding and Investments Limited (DHI), the commercial arm of the Royal Government of Bhutan. Incorporated on July 1, 2002, BPC was corporatized from the erstwhile Department of Power to improve efficiency in electricity service delivery and now operates across all 20 dzongkhags of Bhutan through a network of 20 Electricity Services Divisions (ESDs) and multiple Electricity Sub-Station Divisions (ESSDs). The company manages transmission lines at 66kV, 132kV, 220kV, and 400kV voltages, gas-insulated substations (GIS), and distribution infrastructure to deliver electricity to residential, commercial, industrial, and government consumers nationwide.

BPC's revenue is generated primarily through tiered electricity sales structured by voltage level (LV, MV, HV) and consumption block—with free electricity up to 100 kWh for rural consumers and up to 200 kWh for highland populations—and supplemented by wheeling charges for third-party power producers using its network and EPC services for transmission line and substation construction. Tariffs are regulated by Bhutan's electricity regulatory framework and effective from September 1, 2022. The company has raised Nu 7.5 billion (~$85M USD) through two 10-year corporate bond issuances in April and May 2025 to fund large-scale infrastructure projects including the Norbugang Industrial Park 300 MW power supply (Nu 4.112 billion), the Panbang 132 kV GIS substation (Nu 413.16 million, IFC-financed), and additional substations such as the 132/33 kV Indoor GIS at Rewan, Mongar.

BPC's technology platform spans customer-facing digital services—the myBPC mobile app (iOS/Android), Customer Centric Portal, Self Meter Reading portal, and Online Service Request portal covering 15 service types—as well as internal systems including HRIS, GIS asset mapping, SAP RISE enterprise resource planning, SAP Ariba e-procurement, and a Support Ticket System. The Self Meter Reading and Job Portals are integrated with Bhutan's National Digital Identity (NDI) for single-credential authentication. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, and is expanding capabilities to integrate utility-scale solar generation through ADB-financed transmission projects developed in partnership with Druk Green Power Corporation.

Name

Bhutan Power Corporation

Legal name

Bhutan Power Corporation Limited

Website

https://bpc.bt

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Bhutan Power Corporation Limited (BPC) is the national electricity transmission and distribution utility of Bhutan, owned by Druk Holding and Investments. It operates nationwide grid infrastructure (66kV–400kV) serving residential, commercial, industrial, and government consumers across all 20 dzongkhags through digital portals and a regional ESD/ESSD network.

Ownership category

akta.pro rank

Product category

Electricity Distribution & Transmission

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Distribution Substations & Switching Stations (MV) EPC (EUAEACAC)

akta.pro secondary industry

Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC)

Keywords

• Electricity distribution
• Power transmission services
• Utility customer services
• Wheeling charges
• Grid infrastructure

Headquarters

HQ city

Thimphu

HQ country

Bhutan

HQ region

Asia

Offices24 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Others

Revenue model

1. Electricity Sales: BPC generates revenue by supplying electricity to residential, commercial, industrial, and government customers across Bhutan. Tariffs are structured by voltage level (LV, MV, HV) and consumption blocks, with tiered pricing including free tiers for rural and highlander consumers.
2. Wheeling Charges: BPC charges wheeling fees for third-party use of its transmission and distribution infrastructure, particularly relevant for power generated by independent producers being wheeled to end consumers.
3. Engineering, Procurement & Construction (EPC) Services: BPC undertakes construction of power infrastructure including transmission lines and substations, funded through government allocations, corporate bonds, and international development financing.
4. Corporate Bond Issuance: BPC issues corporate bonds to raise capital for infrastructure development. Two bond issuances are documented: Nu. 4,000 million (April 2025, 8.5% coupon, 10-year term) and Nu. 3,500 million (May 2025, 9% coupon, 10-year term).

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Bhutan Power Corporation Limited (BPC) is the designated national power utility of Bhutan, operating the country's electricity transmission and distribution infrastructure across all 20 dzongkhags. The company supplies electricity to residential, commercial, industrial, and government customers under tiered voltage-based tariffs (LV, MV, HV) with free electricity blocks for rural and highland populations. BPC also offers digital customer service platforms (Customer Centric Portal, Online Service Request, Self Meter Reading, myBPC mobile app) and undertakes Engineering, Procurement & Construction (EPC) of power infrastructure including transmission lines and gas-insulated substations.

Product overview

Bhutan Power Corporation Limited (BPC) operates as a power utility company providing electricity distribution and transmission services across Bhutan. The company offers a portfolio of digital services including customer-facing portals (Customer Centric Portal, Online Service Request, Self Meter Reading), mobile applications (myBPC app), and internal systems (HRIS, GIS, SAP RISE, FIORI, e-Dispatch, Support Ticketing). BPC also issues corporate bonds and commercial papers for capital raising. The company provides electricity tariff-based services to residential, commercial, and industrial customers across all 20 dzongkhags in Bhutan, operating through multiple divisions including ESD (Electricity Services Division), TMD (Transmission Management Division), and various regional offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Supply Service Core electricity distribution and supply service delivered through BPC's nationwide transmission and distribution grid to residential, commercial, industrial, and government customers across all 20 dzongkhags of Bhutan. Tariffs are tiered by voltage level (Low Voltage, Medium Voltage, High Voltage) and consumption blocks, with free electricity for rural consumers up to 100 kWh and highlanders up to 200 kWh per month.
• Wheeling Services Wheeling service enabling independent power producers (IPPs) and renewable energy developers to use BPC's transmission and distribution infrastructure to deliver generated power to end consumers. HV wheeling charge is Nu. 0.23/kWh (effective 1 September 2022 through at least 30 June 2025).
• myBPC Mobile App Mobile application available on Google Play and Apple App Store providing BPC electricity customers access to the Customer Centric Portal and Self Meter Reading functionality on iOS and Android devices.
• Customer Centric Portal (CC Portal) Customer-facing portal providing BPC customers with a single permanent consumer number to access billing, service requests, and account information through one unified platform. Integrated with Bhutan NDI for authentication.
• Online Service Request (OSR) Portal Online platform enabling BPC customers to access 15 different electricity-related services without visiting BPC offices in person, reducing the need for physical office visits.
• Self Meter Reading Portal Online billing portal that allows customers to read their own meters, receive instant bills, view bills for the past three months, and check outstanding amounts. Integrated with Bhutan National Digital Identity (NDI) for authentication.
• Power Outage Information System Public-facing dashboard providing BPC customers with information about power outages and restoration updates across the electricity network.
• BPC Contact Center Multi-channel customer contact center accessible via toll-free phone (1250), WhatsApp, and Facebook Messenger, allowing customers to interact directly with BPC customer care agents for service requests, complaints, and information.
• Engineering, Procurement & Construction (EPC) Services EPC services for the design, supply, and construction of power transmission infrastructure including transmission lines (66kV, 132kV, 220kV, 400kV), gas-insulated substations, and distribution networks. Funded through government allocations, corporate bonds, and international development financing.

Quantifiable outcome

• 30 MVA operational at Norbugang Industrial Park 66kV GIS from September 2024, scaling to 300 MW by June 2025
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• SAARC Energy CentercoreStrategic or Co-development Partner · 14 October 2025SAARC Energy Center organized a three-day Capacity Building Workshop on Advanced & Innovative Transmission System Design and Optimization (14–16 October 2025) in Thimphu, Bhutan, in collaboration with BPC and the Department of Energy (DoE), MOENR. The workshop was attended by 19 power sector professionals from BPC, DoE, BPSO, and ERA, with international experts from Pakistan, Nepal, and Bangladesh serving as resource persons.
• Department of Energy (DoE), Ministry of Energy and Natural Resources (MoENR)coreStrategic or Co-development Partner · 14 October 2025DoE co-organized the SAARC Capacity Building Workshop with BPC and SAARC Energy Center. BPC operates under the regulatory oversight and policy direction of MoENR for Bhutan's power sector.
• Bhutan NDI (National Digital Identity)coreTechnology or Integration · 16 August 2024BPC integrated its Self Meter Reading portal and Job Portal (layog.bpc.bt) with Bhutan's National Digital Identity (NDI) system, enabling users to authenticate and access both portals using NDI credentials. The integration enhances security and user convenience through single digital identity access.
• Bhutan Qualifications and Professionals Certificate Authority (BQPCA)minorStrategic or Co-development Partner · 8 July 2024BQPCA collaborated with BPC to conduct Recognition of Prior Learning (RPL) assessment for Transmission and Distribution Technicians (July 8–20, 2024). 74 line staff were assessed to obtain NC2 Certification, enhancing workforce professional development.
• Siemens Limited, IndiacoreStrategic or Co-development PartnerSiemens Limited (India) was contracted as the major contractor for the Norbugang Industrial Park power supply project for Design, Supply, and Construction of the 400/220/66/33 kV GIS substation, with 30 MVA operational from September 2024 and full 300 MW capacity by June 2025.
• Kalpataru Projects International LimitedcoreStrategic or Co-development PartnerKalpataru Projects International Limited was contracted for Design, Supply and Construction of 400 kV, 220 kV, and 66 kV double-circuit transmission lines for the Norbugang Industrial Park power supply project.
• Rigsar Construction Private LimitedcoreStrategic or Co-development PartnerRigsar Construction Private Limited was contracted for associated civil works at the 400/220/66/33 kV substation for the Norbugang Industrial Park power supply project.
• Druk Green Power Corporation LimitedcoreStrategic or Co-development PartnerDruk Green Power Corporation and BPC are co-preparing the Bhutan Solar Farm Expansion Project (Draft ESIA February 2026) for ADB financing, indicating a strategic partnership for integrating solar generation into Bhutan's grid through BPC's transmission infrastructure.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• NHPC Limited: India's largest hydropower developer under the Ministry of Power, with significant Himalayan run-of-river and storage assets. Comparable on hydropower-tied transmission, mountainous-grid EPC, and IFI-funded project finance, operating in similar geography.
• National Transmission & Despatch Company (NTDC) Pakistan: Pakistan's national electricity transmission and dispatch operator. Comparable as a regional state-owned T&D entity managing high-voltage transmission across a South Asian geography, with similar wheeling/interconnection dynamics.
• PowerGrid Corporation of India Limited: India's central transmission utility, operating one of the world's largest EHV networks. Comparable on transmission asset base, substation EPC, and TOTEX-heavy operating model, though at vastly greater scale and across multiple state grids.

Regional players

• Tata Power Delhi Distribution Limited: A private-public distribution licensee serving north and northwest Delhi. Comparable on last-mile distribution operations, customer-facing digital services, and tariff structure, though operating in an urban Indian context rather than a national Himalayan grid.

Direct peers

• Nepal Electricity Authority: Nepal's state-owned national electric utility with integrated generation, transmission, and distribution across a Himalayan geography. Strongly comparable to BPC on mandate (single national utility), regulatory structure, grid topology challenges, and tariff/political exposure.
• Druk Green Power Corporation Limited: Bhutan's state-owned hydropower generator and BPC's sister entity under DHI. Direct counterpart in Bhutan's electricity value chain — BPC handles transmission/distribution while Druk Green supplies generation, making them the most immediate operational peer.
• Bhutan Power System Operator (BPSO): Bhutan's system and market operator responsible for real-time grid balancing. Directly interacts with BPC across operations, planning, and SAARC Energy Centre capacity-building programs, making it the closest in-country operational peer at the system level.
• Bangladesh Power Development Board: Bangladesh's state-owned national power utility covering generation, transmission, and distribution. Comparable as a South Asian public utility with mandate-driven operations, government ownership, and tariff regulation dynamics similar to BPC's.

Others

• SAARC Energy Centre: A regional inter-governmental energy cooperation hub for South Asia. Comparable not as a competitor but as an adjacent ecosystem participant that co-organized BPC's 2025 transmission-system capacity-building workshop and signals the regional institutional context BPC operates within.

Emerging players

• CESC Limited: An integrated Indian power utility with regulated distribution franchises in Kolkata and adjoining areas. Comparable on retail distribution operations, customer-facing digital portals, and tariff-regulated revenue model, though at smaller scale and within a single urban franchise.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/embed/FfAhR41cNYI
• Facebookfacebook.com/BPCLimited
• Xx.com/bhutanpowercorp
• LinkedInlinkedin.com/company/bhutan-power-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bhutan Power Corporation