The planned 900 MW Arun-3 Hydropower Project in the Sankhuwasabha district of Nepal has achieved financial close after the NPR101 billion (US$856.4 million) investment from a consortium of banks that include two Nepalese banks, Nabil and Everest.
In 2014, the Government of Nepal has signed the Project Development Agreement (PDA) with the Investment Board of Nepal (IBN) for the development of the NP$144 billion (US$1.22 billion). The Cabinet Committee on Economic Affairs of the Indian Government has invested US$854.4 million for the project.
With the development, the construction of the project can now proceed with the expected commercial operation by 2023.
Country updates
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November 06, 2019
Financing for 216MW run-of-river Hydropower Project in Nepal
Nepal Water & Energy Development Company Pvt. Ltd has received financing from the International Finance Corporation (IFC) and a lending consortium for the construction of 216 MW Upper Trishuli-1 r...
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June 13, 2019
AIIB approves US$90m financing for 216 MW Upper Trishuli-1 hydropower in Nepal
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 vent...
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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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