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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February 27, 2019
Kansai Electric to advise JICA on hydropower PPP in Nepal
Kansai Electric Power Co., Inc. has announced that it has entered into a consulting services agreement with Japan International Cooperation Agency (JICA) to conduct a data collection survey on th...
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January 29, 2019
Qatar expresses interest in developing second international airport in Nepal
The Government of Qatar is reportedly in talks with the government of Nepal regarding a proposal to build and operate the country's second international airport. The US$1.2 billion proposal involves...
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November 30, 2018
Nepal approves PPP for international airport operations
Nepal's Ministry of Finance has approved the use of a public-private partnership (PPP) model to operate Gautam Buddha International Airport (GBIA) in Bhairahawa, currently under construction. This was...
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April 24, 2018
Officials from the Ministry of Culture, Tourism and Civil Aviation have recommended that the project be developed under the PPP model
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January 22, 2018
The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has proposed to develop the project either under a Public-Private Partnership (PPP) model or an Engineering, Procurement, Construction and Finance (EPCF) model
The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has proposed to develop the project either under a Public-Private Partnership (PPP) model or an Engineering, Procurement, Construction and...
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