Kathmandu, January 19
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 government-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 hydropower 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 Energy, Water Resources and Irrigation (MoEWRI) had awarded the contract to HIDCL-Power China to build the project under public-private-partnership (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 cost.
Similarly, in the