MoU for Development of Tamor Storage Hydropower Project Signed

KATHMANDU On January 19, a Memorandum of Understanding (MoU) was signed between the Office of the Investment Board Nepal (OIBN), Power Construction Corporation of China (PCCCL), and Hydroelectricity Investment and Development Company Ltd. (HIDCL) to conduct a detailed feasibility study (DFS) for the proposed Tamor Hydropower Project. CEO of OIBN Mr. Maha Prasad Adhikari, Vice-president of PCCCL Mr. Pan Dengyue, and CEO of HIDCL Mr. Chhabi Raj Pokhrel signed the MoU.  The 756 MW project was first identified in the master plan prepared by JICA in 1985. The project is located on Lambhu Khola of the Tamor River between Tehrathum and Panchthar districts of Province 1.

The OIBN team had presented an analysis based on JICA’s study and showcased it during the Nepal Investment Summit held on March 29-30, 2019. OIBN received six proposals from various consortiums – two from China and one each from Qatar, America, Singapore and Hong Kong. Out of them, two consortiums of investors were shortlisted to present a detailed proposal. The consortium of PCCCL and HIDCL of Nepal was selected after the evaluation of their proposal.

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