Mangdechhu Hydroelectric Project was formally inaugurated by the Indian & Bhutanese Prime Ministers from the capital city Thimpu, under the aegis of Bhutan-India Friendship Project.

Answer:

Overview:
The hydropower plant that has been inaugurated by Prime Minister Narendra Modi in Bhutan is the Mangdechhu Hydroelectric Project. This project holds significant importance in strengthening the bilateral relations between India and Bhutan and also contributes to the development of clean and renewable energy in the region.

Mangdechhu Hydroelectric Project:
The Mangdechhu Hydroelectric Project is a 720 megawatt run-of-the-river hydropower plant located on the Mangdechhu River in Trongsa District, Bhutan. It is one of the largest infrastructure projects in Bhutan and has been jointly developed by the governments of India and Bhutan.

Construction and Inauguration:
- The construction of the Mangdechhu Hydroelectric Project began in 2012 and was completed in 2019. The project was executed by the Mangdechhu Hydroelectric Project Authority (MHPA), which is a joint venture between the Bhutanese government and the Indian government-owned company, Satluj Jal Vidyut Nigam Limited (SJVNL).
- On 17th August 2019, the Prime Minister of India, Narendra Modi, inaugurated the Mangdechhu Hydroelectric Project during his visit to Bhutan. The inauguration ceremony was attended by dignitaries from both India and Bhutan and marked a significant milestone in the bilateral relations between the two countries.

Significance:
- The Mangdechhu Hydroelectric Project is expected to generate approximately 2,923 million units of electricity annually, which will help meet the energy requirements of Bhutan and also contribute to the surplus generation of clean and renewable energy.
- The project has a significant economic impact as it will contribute to Bhutan's revenue through the sale of surplus electricity to India. This revenue can be utilized for the socio-economic development of the country.
- The project also strengthens the bilateral relations between India and Bhutan as it showcases the strong partnership and cooperation in the field of hydropower development.
- The Mangdechhu Hydroelectric Project also contributes to Bhutan's efforts in achieving its target of becoming a carbon-neutral country by harnessing the potential of clean and renewable energy sources.

In conclusion, the Mangdechhu Hydroelectric Project has been inaugurated by Prime Minister Narendra Modi in Bhutan. This project holds significant importance in strengthening bilateral relations, contributing to the development of clean and renewable energy, and supporting Bhutan's socio-economic development.