News

Project

Danielle Isaac

, China

Published:

4 years ago

Nepal to co-develop two hydropower projects with China

The projects will have a total capacity of 919GW.

Nepal’s Hydroelectricity Investment and Development Company Ltd (HIDCL) and Power China entered a joint venture to build two hydropower projects in Nepal, local media report.

The projects include the 762MW Tamor Project in Province 1 and the 157MW Madikhola Project located in Rolpa of Province 5. The two will cost a total of $2.79b (INR200b) and will be completed by 2025.

HIDCL will take a 46% stake in the Tamor project whilst Power China will get 54% stake. For the Madikhola Project, HIDCL will take 26% whilst Power China will take 74%.

Previously, three companies had been shortlisted for the project, but only HIDCL-Power China had submitted a proposal to develop the Tamor project.

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