The 900MW Arun-3 Hydropower Project accomplished its key milestone—Financial Closure (FC) on February 6, 2020. A consortium of seven banks, including two Nepalese banks—Nabil and Everest—put a total of NPR 101 billion to the project, which has the total investment of approximately NPR144 billion. With the FC, the project has guaranteed its financial capability and we will witness its commercial operation by 2023 given any technical hitches don’t stall its construction. Arun-3 has become the largest project in terms of capacity and investment in Nepal.
BHATTEDANDA, LALITPUR, Feb 17: Anil Syangten, a farmer of Bhattedanda village in Lalitpur district, borrowed Rs 100,000 at 24 percent interest from a local moneylender three years ago and invested in shares of Khanikhola Hydropower Co Ltd (KKHC). He was one of the hundreds of investors who believed that investment in initial public offering (IPO) of a hydropower project was like buying gold.
KATHMANDU, Feb 10: The Upper Karnali Hydropower Project (UKHP) is likely to sign the Power Purchase Agreement (PPA) within three months as it has received the letter of intent (LoI) from the government of Bangladesh.
SURKHET, Dec 4: After seven months of construction of a tunnel, Bheri-Babai Diversion Multipurpose Project has finally laid the foundation stone for construction of the dam and the powerhouse of a hydropower project to be built under second package of the national pride project.
SINDHUPALCHOWK, Sept 11: The reconstruction of Bhote Koshi hydropower project has reached the last phase. Eighty percent of the reconstruction work has already been completed, and the project is preparing to go for commercial production from November.
MYAGDI, Aug 31: The testing of structure and equipment of Ghalemdi River Hydropower project located at Narchyang of Annapurna Rural Municipality-4 in north Myagdi has completed. After three successful testing, the project of 5 MW capacity is ready to generate electricity.
RASUWA, Aug 25: The under-construction Rasuwagadhi Hydropower Project at Timure of Gosainkunda Rural Municipality in Rasuwa district is all set to start generating power within the current fiscal year.
KATHMANDU, May 17: A viral video on social media shows Managing Director of the Nepal Electricity Authority Kulman Ghising exchanging a heated debate with local residents at the site of ongoing Upper Trishuli III B hydropower project at Pairabesi in Nuwakot district.
KATHMANDU, Jan 23: Works of Upper Tamakoshi Hydropower Project (456 MW) will be complete by the end of 2019 if the project maintains the current pace of works for the remainder of the year, project officials say.
MYAGDI, Nov. 28: The construction works of Ghalemdikhola Hydropower Project have progressed around 90 percent of the total physical infrastructure. The project of 5.5-megawatt capacity is likely to come into operation within four months, the officials said.
JIRI, Oct 31: The Upper Tamakoshi Hydropower Project is allotting its Initial Public Offering (IPO) shares today after four months the Company offered its shares to the project affected people in Dolakha.