New Delhi: Bhutanese King Jigme Singye Wangchuk arrived in New Delhi on a five-day state visit during which India and Bhutan will sign a Memorandum of Understanding for the preparation of a detailed project report on Punatsangchhu Hydroelectric Project.

The King was received at the Delhi airport by Minister of State for Finance Sripad Naik and senior officials.

The project, with an estimated generation capacity of 870 MW, has been identified for implementation under the 10th five year plan of India.

The King will call on President A P J Abdul Kalam and have meetings with Vice President Bhairon Singh Shekhawat and Prime Minister Atal Behari Vajpayee during which issues of "mutual interest" will be discussed.

India's assistance to the 9th five year plan of Bhutan will also come up during the parleys.

He will also have meetings with Deputy Prime Minister L K Advani, External Affairs Minister Yashwant Sinha, Finance Minister Jaswant Singh and Power Minister Anant Geete.

The King's visit would further reinforce the friendly ties between the two countries, officials said here.

Wangchuk is accompanied by a high-level delegation that includes Bhutanese foreign minister Lyonpo Khandu Wangchuk.

PTI