Nepal’s HIDC mulls future hydropower project investments

Nepal’s state-owned Hydroelectric Investment and Development Company Limited (HIDC) has been studying the possibility of financing three hydropower projects that will add more than 75 MW of installed capacity to the country’s grid, has learned.

Under review are the 25-MW Upper Dordi, 25-MW Khani Khola and 30-MW Lower Modi hydroelectric plants.

The Upper Dordi is a run-of-river project located in Lamjung district. The plant — already in the preliminary construction stage — is being developed by the United Modi Hydropower Company, with partial financing already coming from the Nepal Investment Bank Limited (NIBL).

NIBL is also helping to fund the Lower Modi, which will be located in Parbat district. The project is being developed by the United Modi Hydropower Company. Work on the plant’s tunnels has already begun.

Meanwhile, Khani Khola is still in the planning phase, though it has secured partial funding from Nepal’s Prime Bank.

HIDC said its decision will be announced in about a month.

The company was established by the Nepal government in 2011 with the sole purpose of financing hydel projects and related infrastructure. HIDC’s only investments thus far have been in the 42-MW Mistri Khola hydro plant and Dhalkebar-Muzaffarur transmission line.

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