ORGANOGRAM
Bhutan Power Corporation Limited (BPC) was formed as an offshoot of the erstwhile Department of Power, the then Ministry of Trade and Industry and was launched as Public Utility Company on 1st July 2002 with an objective that the corporatization of the utility functions would lead to greater efficiency and better delivery of electricity supply services in the power sector.
Later, the Ownership was transferred to Druk Holding and Investment Limited (DHI), the commercial arm of the Royal Government of Bhutan, established in 2007 upon issuance of Royal Charter in 2007 “to hold and manage the existing and future investments of the Royal Government for the long term benefit of the people of Bhutan”
In a bid to reinforce its commitment to sustainability and responsible business practices, the Bhutan Power Corporation (BPC) recently collaborated with the International Finance Corporation (IFC) to undergo intensive training sessions. These sessions aimed at bolstering BPC’s Environmental, Social, and Governance (ESG) standards, ensuring that its projects align with global best practices.
The IFC conducted two comprehensive training programs for BPC personnel. Firstly, spanning from the 19th to the 20th of March, an in-depth training session focused on framing Environmental Social Governance (ESG), delving into IFC’s Performance standards relevant to BPC’s projects. This training also explored gender dynamics and addressed risks associated with gender-based violence and harassment.
Subsequently, from the 25th to the 26th of March, another two-day session centered on FIDIC Strategic and Contract Management Training. This segment provided BPC engineers and project employees with practical insights into the utilization of FIDIC Conditions of Contract.
The primary goal of these initiatives is to elevate BPC’s sustainability standards and enhance its practices in Environment, Social, and Governance realms. By equipping BPC with tools for integrating environmental and social considerations into its operations, and refining contract management skills, the initiative aims to fortify BPC’s position as a socially responsible entity.
BPC’s proactive engagement in such training programs not only aligns with global trends towards responsible business practices but also positions the corporation as a regional leader. By actively contributing to a more sustainable and socially responsible business environment, BPC sets a benchmark for others to follow.
The collaboration between BPC and IFC signifies a significant stride towards fostering sustainability and responsible business practices within the region. Through these training endeavors, BPC not only enhances its operational standards but also reinforces its commitment to environmental stewardship and social responsibility. Such initiatives are crucial steps towards building a more sustainable and inclusive future for Bhutan and beyond.
