Upper Trishuli 1 Hydroelectric Power Project (ADB-49086-001)

Countries
  • Nepal
Where the impacts of the investment may be experienced.
Specific Location
Bhotekosi river, North of Kathmandu
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Nepal Water & Energy Development Company Pvt. Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 90.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 26, 2018

Disclosed by Bank Mar 27, 2018


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Project Description

According to the ADB document, "the Upper Trishuli-1 Hydropower Project involves the construction and operation of a 216 MW greenfield run-of-the-river hydropower facility located in the Trishuli watershed, 275m downstream of the confluence with the Bhotekosi river, and about 70km north of Kathmandu. The Project consists of a 77m wide diversion dam by which the water will get diverted through a 9.8km long headrace tunnel to an underground power station. The electricity generated will be sold for domestic consumption to the Nepal Electricity Authority (NEA) based on a fixed tariff structure. The 35 year concession will be on a BOOT basis and includes a 5 year construction period."

"The Project will connect to the Chilime–Trishuli transmission line via a 689-metre extension from the Project switchyard. The Project will be accessed via existing public roads, but NWEDC will construct an 11.84-kilometre private road upstream along the river to access the UT-1 dam. The Project design was changed in response to the 2015 earthquake to strengthen its geotechnical
and seismic design, take into account updated climate change forecasts, adjust to changes inlandscape conditions (e.g. landslides), and to optimize engineering aspects of the dam.
The Project will take approximately 5 years to construct and will employ about 1,090 workers."
Investment Description
  • Asian Development Bank (ADB)
Private Actors

Project sponsors:
Daelim Industrial Co. Ltd.
Korea South East Power Company
Kyeryong Construction Industrial Co. Ltd.

Contact Information

Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 1
Responsible ADB Officer Tang, Sonali

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main