IBN, Power China ink pact to build 762-MW Tamor hydel


Kathmandu, January 19

The Board Nepal (IBN) and Power Construction Corporation of China (Power China) today inked an agreement to construct the 762-megawatt Tamor Storage Hydroelectricity .

Following the agreement, a joint-venture between Hydroelectricity Investment and Development Company Ltd (HIDCL) of Nepal and stateowned Power China Corporation will construct the project on -to-government (G2G) basis.

As per the agreement, the Nepal-China joint-venture will immediately start to prepare the detailed feasibility study of the project and start construction of the reservoir project within the next two years.

During Chinese President Xi Jinping’s two-day state visit to Nepal on October 12-13, the Investment Board Nepal (IBN) and Ministry of , and (MoEWRI) had awarded the contract to HIDCL-Power China to build the project under public-private- (PPP) model.

Earlier, HIDCL and Power China had jointly submitted a project development proposal at the IBN to build the Tamor hydropower project with a share structure of 46:54 per cent, with the Nepali firm investing 46 per cent and Power China investing 54 per cent of the project .

Similarly, in the

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