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Government companies of Nepal and China to build two hydroelectricity projects

Chinese President Xi leaves for home from Nepal Visit
President of People’s Republic of China, Xi Jingping, returned home today following his two-day state visit to Nepal. The Chinese President had arrived here on Saturday afternoon at the friendly invitation of President Bidya Devi Bhandari.
He left for home this afternoon on a special aircraft from Tribhuvan International Airport (TIA).

President Bhandari was at TIA to see off her Chinese counterpart. She bid him farewell at TIA VVIP Lounge. The President also said goodbye to all members in the Chinese delegation.

Vice President Nanda Bahadur Pun and Prime Minister KP Sharma Oli also reached TIA to see off the Chinese President.
The National Assembly (NA) chair, members in the Council of Ministers including deputy prime ministers, deputy speaker, State 3 chief minister, chiefs and officials of constitutional bodies, government senior officers, Nepalese ambassador for China, China’s ambassador for Nepal, and senior officials at the Chinese Embassy in Kathmandu were also present on the occasion. A contingent of Nepal Army presented a guard of honour to the Chinese President.

Government companies of Nepal and China to build two hydroelectricity projects
Ramesh Lamsal
The government-owned Hydroelectricity Investment and Development Company Ltd (HIDCL) China’s Power China are together going to construct two reservoir-type hydroelectricity projects. The total cost of the two projects is more than Rs 200 billion.
A memorandum of understanding to this effect was reached here today in course of Chinese President Xi Jinping’s two-day state visit to Nepal.

Minister for Energy, Water Resources and Irrigation, Barsha Man Pun said the two projects include the 762-Megawatts-capacity Tamor Project and the 157-Megawatts-capacity Madikhola Project.

The Tamor Project, a project of strategic importance, is located in Province 1 and the Madikhola Project is located in Rolpa of Province 5.

In the proposal presented to Investment Board Nepal, HIDCL and Power China had proposed various models for the construction of the two projects. The Prime Minister is the chairman of the Board.
According to Minister Pun, all the preparations for the construction of the two projects would be concluded within the next one year.

Chief Executive Officer of HIDCL, Chhabiraj Pokharel said the Tamor Project would be constructed in the government-government partnership model. This project was much talked about since long but the process for its constriction had not moved ahead.

This is the first time that a MoU has been signed for the construction of projects through collaboration between the government companies of the two countries. So far, no projects had been constructed adopting this model.

The Sino-Sagarmatha Hydropower has constructed and brought into operation the 50-Megawatts-capacity Upper Marsyangdi ‘A’ Hydro-electricity Project through collaboration between the private company of Nepal and China.
However, this is the first effort at the government company level for the construction of hydroelectricity projects.

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