Nepal to develop a hydropower plant under PPP
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.
Tamakoshi-3 project is a 650 MW hydropower plant with an annual generation of 2,340 GWh. It is located in Dolakha and Ramechhap districts.
The total investment of the project amounts to US$1 billion.
In January 2016, Statkraft notified IBN of its decision to discontinue the development of the project. The decision came as a result of a thorough assessment of all aspects of the project, including commercial, technical and regulatory factors. These factors included a lack of viable power offtake option, lower electricity price forecasts, insufficient transmission capacity for power evacuation and absence of necessary policies and regulatory framework for operationalizing power sales.
Statkraft entered an agreement with the Nepalese government in 2007 to build the plant, and completed feasibility studies, and environmental and social impact assessments.
Country news
-
-
November 25, 2016
Nepal cancels $1 billion expressway project with IL&FS Infrastructure
The Government of Nepal, han canceled a UD$1 billion expressway project with Infrastructure Leasing and Financial Services Ltd (IL&FS). Read more -
October 27, 2016
Nepal introduces PPP policy
The government of Nepal has introduced the Public Private Partnership (PPP) Policy aimed to close the gap in funding and project preparation in the country and to assist developers to implement PPP projects. Read more -
July 29, 2016
Nepal establishes PPP Center
The Government of Nepal will establish a Public-Private Partnership (PPP) Center to make investment arrangements for infrastructure and service-based projects. The center will start the process of making investment arrangements from the upcoming fiscal year, according to the National Planning Commission (NPC). The government plans to eventually expand the center as a department. The NPC is currently finalizing details of the center’s structure in coordination with the Finance Ministry and the Ministry of General Administration. Read more -
June 16, 2016
Kathmandu plans parking PPP
Kathmandu Metropolitan City (KMC) plans to carry out an underground parking project at Tundikhel Khulamanch, with capacity for 2,000 light vehicles. Read more -
June 08, 2016
Nepal prepares first draft of PPP Act
The Ministry of Finance (MOF) is the central authority of Government of Nepal, charged with the responsibilities for maintaining both micro and macro economic stability in the country, has recently announced that it has prepared the first draft of the public-private partnership (PPP) Act. Read more
