To mark the completion and turnover of the 220 kV double circuit Koshi Corridor power transmission line (Inarwa-Basantapur-Baneshwar-Tumlingtar) to Nepal Electricity Authority, a ceremony was held today at Hile, Dhankuta, in honour of the line’s completion and handover.
The Koshi Corridor transmission line, which will span 106 kilometres and cost a total of Rs 10.40 billion ($86.8 million), is being constructed using funds provided by the Indian government through a $550 million line of credit provided by the EXIM Bank of India, according to the Indian government.
This project’s first phase, valued at around Rs 4.5 billion ($37.3 million), was successfully completed and turned over to the Nepal Electricity Authority after the line’s construction and charging by India’s Kalpataru Power Transmission Ltd were both successful (KPTL). Upon completion of the remaining two packages, the project will be able to provide seamless power evacuation from the planned generation projects in the Arun and Tamor river basins, which would have a combined power output of around 2000 megawatts.
Namgya Khampa, the Deputy Chief of Mission, was present as the project was officially turned over to Kul Man Ghising, managing director of the Nepal Electricity Authority. KPTL and EXIM Bank of India also attended the ceremony. Administration representatives from Dhankuta and Hile were also in attendance, as were KPTL executives and employees, as well as members from the local community, according to the report.
It was stressed by DCM Khampa that the Indian government is committed to enhancing bilateral cooperation in the power sector in all of its dimensions, including the development of power projects in Nepal, support for the construction of transmission lines (both within Nepal and across borders), and electricity trade with India. She also praised KPTL for the high quality and prompt completion of the work, and she thanked the Nepal government, the Nepal Electricity Authority, as well as local administration and representatives, for their cooperation in bringing the project to a successful conclusion.
India is also sponsoring the construction of two 132 kV domestic energy transmission lines in Nepal, in addition to the Koshi Corridor: the Modi-Lekhnath line and the Solu Corridor line, all of which will be operational by 2020. Also continuing is the funding of several cross-border transmission linkages between India and Nepal, as well as between national and regional grids. India’s emphasis on building cross-border economic ties as part of our broader ‘Neighborhood First’ initiative is an important component of our overall effort to improve cross-border economic linkages.