The Prime Minster of Nepal intends to restart a Chinese-led US$2.5 billion 1,200 MW Budhi Gandaki hydropower project which was previously cancelled and will also remove the currently listed developer, Nepal Electricity Authority.
Energy Finance & Investment News in Nepal
Investment Board Nepal (IBN) has announced it is considering to develop a hydropower project under a PPP model with a mix of domestic and international investments.
The Nepalese government has decided to award the contract to construct the Budhi Gandaki Hydroelectric Project to China Gezhouba Group Corporation (CGGC).
The Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister of India, Sh Narendra Modi has approved the investment proposal for 900 MW Arun –III Hydro Electric Project in Nepal.
NMB Bank Ltd has successfully executed the financial closure of Upper Solu Khola Hydropower Project which has an installed capacity of 18 MW.
A group of banks has agreed to finance about US$23.7 million for the 10 MW Langtang Khola hydropower project in the Himalaya region of Nepal.
The Nepal Goverment has announced that two hydropower projects to be developed in far-western Nepal have achieved the financial closure.
Dudhkoshi Power Company has closed financing with different banks for the development of the 6.5-MW Rawakhola hydropower project in the Federal Democratic Republic of Nepal.
IFC, a member of the World Bank Group, has partnered with India’s GMR Group to develop the 900 MW Upper Karnali hydropower plant, and two transmission line projects in Nepal. The projects will meet energy demands and create jobs in Nepal and the South Asia region.
Satluj Jal Vidyut Nigam (SJVN) and the Government of Nepal have signed a project development agreement (PDA) for the 900 MW Arun-3 hydropower project.
The Government of Nepal and the World Bank (WB) have signed a $46 million loan and grant agreement for the Kabeli Hydroelectric Project.
Consortium Power Developers (CPD) has achieved financial closure for developing the 24.1 MW Kharekhola Hydropower Project in Nepal.
The Nepalese government and India’s GMR have signed a project development agreement (PDA) to develop the 900 MW Upper Karnali hydroelectric power plant in the northwest of the country.