Message from Arun-3 Financial Closure

February 24, 2020 10:23 am

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.

KATHMANDU, Dec 5: The Upper Trishuli 3 'B' Hydropower Project (37 MW) has achieved 40% physical progress.

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.

KATHMANDU, Nov 18: Prime Minister KP Sharma Oli inaugurated the Upper Trishuli 3 'A' pressing a switch at the Prime Minister's office in Singha Durbar on Monday.

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 29: Sanjen Hydropower Project conducted breakthrough of the pilot hole of its 227-meter-long penstock tunnel at Chilime in Ama Chhodingma Rural Municipality-5 of Rasuwa, on Tuesday.

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.

SINDHUPALCHWOK, July 8: Two construction workers went missing while two others sustained injuries due to floods triggered by incessant rainfall in Sindhupalchok district on Saturday night.

MYAGDI, June 28: Rahughat Hydropower Project in Rahughat, Myagdi district, stalled for the past five years has resumed its construction.

KATHMANDU, June 24: Minister for Energy, Water Resources and Irrigation Barsha Man Pun has clarified that the government has not awarded anyone to construct Budhi Gandaki Hydropower Project.

ACHHAM, June 20: Standing committee member of the ruling Nepal Communist Party (NCP), Bhim Rawal, has said the government should construct the Upper Karnali Hydropower Project on its own.

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.

JAJARKOT, May 12: The consultant tasked for preparing the Detailed Project Report (DPR) of Nalsing Gadh Hydropower Project has not yet completed the task assigned to it, even in the extended deadline.

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KATHMANDU, March 28: Prime Minister KP Sharma Oli has got 20 unit shares of the Trishuli III B hydropower project launched under the government's 'People's Hydropower Programme'.

DOLAKHA, March 23: Minister for Energy, Water Resources and Irrigation, Barshaman Pun observed the 456-Megawatt capacity Upper Tamakoshi Hydropower Project, a national pride project, today.

KATHMANDU, March 20: The first unit of Upper Trishuli 3A Hydropower Project is starting generation by April 30.

GORKHA, Feb 25: Locals of Gorkha and Dhading districts have raised concerns once again against the snail-pace progress of Budhigandaki Hydropower Project.

Upper Tamakoshi to complete by 2019-end

January 23, 2019 10:09 am

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.

KATHMANDU, Jan 19: Sinohydro Corporation Ltd, the contractor for the powerhouse of Upper Tamakoshi Hydropower Project, has completed the civil works of the underground powerhouse.

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.

Shares of Upper Tamakoshi allotted

October 31, 2018 11:35 am

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.

BETRAWATI, Oct 24: Wire expansion has begun along the under-construction Trishuli-Kathmandu 220 KV ‘Double Circuit’.

DAMAULI, Oct 5:  Local people of Byas Municipality-5 in Tanahun affected by a hydropower project have voiced concerns about solatium issue.