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Chilime Rasuwa SHPP

Sector: Hydro • Location: Nepal

Source: World Bank Group

Project
Active

Chilime Hydropower Company (CHC) developed the 20MW hydropower plant in Rasuwa District, Nepal. The project became operational in March 2003. NEA, the state-owned utility holds 51% of CHC, the remainder is floated on the stock market.

The state-owned utility NEA held 51% of the equity, NEA employees own 24 percent and the remainder was floated on the stock market (25%). NEA will buy power from

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The project “Chilime Rasuwa SHPP” is an infrastructure initiative in the Hydro sector, located in Nepal. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Chilime Hydropower Company (CHC) developed the 20MW hydropower plant in Rasuwa District, Nepal. The project became operational in March 2003. NEA, the state-owned utility holds 51% of CHC, the remainder is floated on the stock market. The state-owned utility NEA held 51% of the equity, NEA employees own 24 percent and the remainder was floated on the stock market (25%). NEA will buy power from Chilime for Rs 3 per unit. Total cost was Rs 2.32 billion (US$ 26.2 million). Financial closure date was unknown, estimated here was March 2003, commissioning date. http://www.nepalitimes.com/issue/2003/02/21/FromtheNepaliPress/10466#.UNCQkmGFzng

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