Kathmandu.
Agreement–1
An agreement has been signed to invest in the 341 MW Budhigandaki semi-reservoir hydropower project. Eight banks and two other companies led by Nepal Investment Mega Bank have signed an agreement to invest Rs 52.5 billion.
As per the agreement, Nepal Investment Mega Bank will invest Rs 10 billion, Laxmi Sunrise Rs 8 billion, Nabil Rs 8 billion, Global IME Bank Rs 7 billion, Machhapuchhre Rs 4 billion, Citizen, Nepal Infrastructure and Prabhu Bank Rs 3÷3 billion, Agriculture Development Bank Rs 2.5 billion and Hydroelectricity Investment and Development Company (HIDCL) Rs 4 billion.
Chief Executive Officer of Nepal Investment Mega Bank Jyoti Prakash Pandey and Director of Sahas Urja Sushil Thapa signed the agreement on behalf of the banks. The project is being constructed by Times Energy. It is a subsidiary of Courage Energy.
The project will cost Rs 70 billion at the rate of Rs 205.3 million per megawatt. The project will raise 25 per cent or Rs 17.5 billion from self-capital. 51 percent of the self-capital investment will be of courage energy. The construction of the project will begin from December next year.
Agreement–2
The 216 MW Bajhang Upper Seti Hydropower Project to be constructed at Saipal Rural Municipality-4 and 5 of Bajhang district of Sudurpaschim State was financed on August 1, 2082.
Machhapuchhre Bank, Hydroelectricity Investment and Development Company, Laxmi Sunrise Bank, Nepal Investment Mega Bank, Prabhu Bank, Nepal SBI Bank, NIC Asia Bank, Krishi Bikas Bank, Lumbini Bikas Bank, Shangri-La Development Bank, Kamna Sewa Bikas Bank and ICFC Finance among others signed the agreement.
Chief Executive Officer of Kumari Bank Ram Chandra Khanal and Chairman of Samriddhi Energy Limited Shailendra Guragain signed the agreement.
The Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) was concluded on July 1, 2080 and the power generation permit was obtained on May 1, 2081.
Agreement–3
Six banks, including Laxmi Sunrise, signed an agreement to invest in Kaligandaki Gorge Hydropower Project. Laxmi Sunrise and Kaligandaki Gorge have signed an investment agreement for the project. Sunrise Bank has agreed to invest Rs 29.62 billion in the 180 MW Laxmi Project. The total cost of the project is Rs 39.50 billion.
Global IME Bank will invest Rs 7.12 billion, Siddhartha Bank Rs 5 billion, Himalayan Bank Rs 3 billion, Nepal SBI Bank Rs 3 billion and Everest Bank Rs 2.5 billion. Laxmi Sunrise Bank will pay the remaining amount.
Under the leadership of the bank, 75 percent of the total cost will be invested and the remaining 25 percent will be invested by the founders and general public of the company.
Agreement– 4
Manang-Marsyangdi Hydropower Company has invested in the 135 MW semi-reservoir Manang-Marsyangdi Hydropower Project. A loan agreement was signed with Exim Bank of China in October 2081.
Exim Bank will invest 1.24 billion Chinese yuan ($175.25 million). The remaining loan amount has been raised from other sources. The estimated cost of the project is US$ 323 million (Rs 43.65 billion).
Butwal Power Company has also invested in the project. In addition, Chinese companies ACIG International Limited, Singcheng International Investment Company Limited and QYEC International Company Limited and acig international Nepal Hydro Joint Development Investment Company Limited are jointly invested by these companies.
The dam of the project is located at Koto of Chame Rural Municipality-3 and power house at Nason Rural Municipality-9. The project has entered into a power purchase agreement with Nepal Electricity Authority (NEA) on March 27, 2019.
Agreement–5
Laxmi Sunrise Bank signed an agreement to invest in Upper Marsyangdi Hydropower Company. An agreement has been signed to invest Rs 21.4 billion in the 102 MW Upper Marsyangdi-1 hydropower project to be constructed on marsyangdi river in Lamjung district.
Laxmi Sunrise Bank, Global IME Bank and Prabhu Bank have signed an agreement to invest Rs 7 billion, Rs 6 billion and Rs 3 billion respectively for the construction of the project.
The project has entered into a power purchase agreement with Nepal Electricity Authority (NEA) on December 15, 2018. KC Group and Cal Group are the promoters of the company.
Agreement–6
The 44.52 MW Sanibheri Hydropower Project to be constructed by Expert Hydro Investment Company on September 17, 2018 has been financed.
Various banks and financial institutions under the leadership of Citizens Bank are going to invest in the project. Citizen Bank will invest Rs 2.5 billion, Nabil Bank Rs 1.5 billion, Nepal Investment Mega Bank Rs 1.2 billion, Sanima Bank and Siddhartha Bank Rs 1 billion each.
Mr. Santosh Raj Nepal, Managing Director of Expert Hydro Event and Mr. Ganesh Raj Pokharel, CHIEF Executive Officer of Citizens Bank signed the agreement on behalf of their respective organizations.
Managing Director Nepal informed that 25 percent of the project will be raised from self-capital and 75 percent from loan. The project to be constructed at Putha Uttarganga Rural Municipality-7 and 14 in Rukum East will be completed within 42 months.
The project has already signed a power purchase agreement with Nepal Electricity Authority (NEA) on July 27, 2080 BS. In the last one year, financial management has been made in these six projects of more than 100 MW. Domestic and foreign investors have increased their investment in these projects.
Not only these, investment has been managed in 22 projects larger than 20 MW in the last fiscal year.
Investment has also been raised in the 23.67 MW Elep (Tatopani) Khola Hydropower Project. The project, which managed the investment in the last fiscal year, has entered into a power purchase agreement with The Nepal Electricity Authority (NEA) on July 15, 2018.
Similarly, investment in the 65 MW Dudhkhola Hydropower Project has been managed in the last fiscal year. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on November 15, 2018.
The Upper Balefi Hydropower Project is constructing a 46 MW project. The project has signed a power purchase agreement with Nepal Electricity Authority (NEA) on November 10, 2018.
Kapilvastu Solar is to produce 30 MW of electricity. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on April 15, 2018.
Upper Modi Hydropower Project is to generate 43 MW of electricity. Investment has already been managed for this. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on August 10, 2018.
Sankhuwakhola Hydropower Project is to generate 41.06 MW of electricity. The investment of the project has already been managed. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on February 1, 2018.
Madame Khola Hydropower is to generate 24 MW of electricity. The investment of the project has been managed. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on August 15, 2018.
Sagukhola Hydropower Project is going to construct a 20 MW project. Investment in the project has already been managed. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on July 15, 2018.
Danakhola Hydropower Project is going to construct a 49.95 MW hydropower project. The investment of the project has already been managed. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on November 15, 2018.
Ghunsakhola Hydropower Project is going to generate 77.5 MW of electricity. The investment management of the project has already been done in the last fiscal year. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on May 15, 2018.
The Upper Sankhuwakhola Hydro Electricity Project is going to generate 40 MW of electricity. The financial management of the project has already been done. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on July 15, 2018.
The Lepche Tamakoshi Hydropower Project is going to generate 42 MW of electricity. The financial management of the project has already been done. The project has signed a power purchase agreement with The Nepal Electricity Authority (NEA) on January 15, 2019. Many of the companies that managed the investment in the last fiscal year have projects larger than 20 MW.
In the last one year, investment has been made in 1,712.742 MW projects larger than 20 MW. Budhigandaki project is the biggest project being constructed by the private sector in the history of Nepal. With these facts, private sector investment in the hydropower sector is increasing.
Balram Khatiwada, general secretary of the Independent Power Producers’ Association of Nepal (IPPAN), said that domestic and foreign investment is coming in the energy sector due to the possibility of good response not only now but also in the future. According to him, investment in the energy sector has started increasing due to the fact that its returns are assured and there is no possibility of debt sinking.
Recently, banks and financial institutions are also increasing their investment in this sector. He said that the energy sector is very safe among the investment areas of the bank at present. In recent times, energy promoters have also started increasing their investment in small and big projects. In order to ensure investment and help meet the target of 28,500 MW set by the government, the promoters are now focusing on the construction of small and big projects.
Bhim Gautam, CHIEF Executive Officer (CEO) of IPPAN, said that due to the increasing demand for green and clean energy worldwide, investment is increasing in this sector.
Ceo Gautam said that there is a lot of potential for energy production in Nepal and the electricity produced is being exported to India and Bangladesh.
The hydropower sector is considered to be very attractive in the field of investment by the private sector in Nepal. Among the investments made in the productive sector, energy is the priority of all.
So far, the bank alone has invested around Rs 650 billion in this sector. The government has given priority to the energy sector after the removal of load shedding. Apart from the policy hurdles from time to time, the government has given priority to investment in the energy sector. “Energy is essential for everyone.
The government has also given priority to this.
Gautam said the government would produce 28,500 MW of electricity in the next 10 years. Private sector support is also needed. Investors have also been attracted after the project is ready and electricity is produced, the cost of the project and the income to be determined. ’
Not only investors, but also energy promoters are now moving towards building bigger and smaller projects. “After the government has ensured the construction of transmission lines and market facilities, the promoters are also working towards building big projects,” he said. The results are also good. There is also a contribution to the state. ’
Currently, 4,100 MW hydropower projects are under construction. About 4,000 capacity projects have been financed through PPAs. The construction of 3600 MW capacity projects has been completed. The 13,000 MW capacity projects are still in the PPA stage by applying to the NEA.
प्रतिक्रिया दिनुहोस्