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.