The Asian Infrastructure Investment Bank (AIIB) has approved a loan financing of up to US$90 million for the 216 MW Upper Trishuli-1 Hydropower Project, which is being developed by a Korean joint venture company.
The project, with an estimated cost of US$650 million, will be financed entirely through foreign capital. Besides AIIB, the project has other co-financiers including the International Finance Corporation, Asian Development Bank and other development institutions.
The project is to be developed under the build-own-operate-transfer model. It has an existing power purchase deal with the Nepal Electricity Authority.
Country updates
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February 28, 2019
JICA commissions Kansai, NEWJEC for hydro power project study in Nepal
The Japan International Cooperation Agency (JICA) has commissioned NEWJEC Inc and Kansai Electric Power Co. Inc. for consultancy services regarding the Data Collection Survey on the Public-Private Par...
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September 25, 2018
Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group
A government minister of Nepal has stated that China Gezhouba Group Company (CGGC) will construct and finance a 1,200 MW hydroelectric power plant in the country. CGGC agreed to develop the US$2....
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August 07, 2018
ADB and IFC to finance US$650 million hydropower project in Nepal
The Asian Development Bank (ADB) has approved financing for the 216 MW Upper Trishuli 1 hydropower project in Nepal, which involves the development of a run of river hydroelectric power plant&nbs...
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June 30, 2018
NEA signs PPA deal with Tanahu hydropower project
Nepal Electricity Authority (NEA) has signed a power purchase agreement (PPA) deal with its Tanahu Hydropower Ltd for the 140 MW Tanahu hydropower project located in Seti River in...
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May 12, 2018
The foundation stone has been laid
