Nepal: hydro projects

Eleven Indian companies are among the 14 firms which have expressed interest for developing three major projects of 1302MW capacity in Nepal. The power to be generated in these projects, 600MW Budhi Gandaki, 402MW Arun III and 300MW upper Karnali, will be exported to India, sole buyer of Nepal’s Hydro Power. The list of Indian companies includes: Reliance Energy, GMR Energy, Jindal Steel and Power Ltd, Sutlej Jalbidhyut Nigam, Maytas NCC Consortium, JP Associates, Larson and Toubro, Bhilwara Energy, National Hydro Electric Project Corp., KSK Electricity Finance India Ltd and Athena Consortium. Netherlands’s Brackel Corp., China’s Sino Hydro Corp. and China National Oversees Engineering Corp. are the three other international companies competing for the projects. A committee formed by Nepal’s Water Resources Ministry has commenced work to recommend to the government the awarding of licenses for developing the three projects. The committee will judge the proposals on the basis of over 20 parameters that includes among other things financial capability, experience, royalty to Nepal and construction deadline before deciding on awarding the project.
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