According to Kul Man Ghising, managing director of the Nepal Electricity Authority, purchasing power from Nepal would be cheaper for India and would align with it's sustainability ambitions.
Memorandum of Understanding signed on Tamakoshi hydropower investment
The project is being built to generate 99.8 MW
Government
A memorandum of understanding (MoU) has been signed between three parties on the loan investment of the Tamakoshi-V Hydropower Plant. The project, which can generate 99.8 MW, will be built in Dolakha.
The MoU has been signed by Nepal Electricity Authority, Tamakoshi Hydropower Company, and Employees Provident Fund (EPF) on Sunday. The Minister for Energy, Water Resources, and Irrigation Pampha Bhusal was also present during the signing ceremony.
The project will take off on an investment footing of NPR 16.19 billion. The EPF will contribute 70 percent of that amount by doling out a loan of NPR 11.33 billion. The remainder will be sourced from the People’s Hydropower Program, which would raise the fund by releasing stocks to the public.
Image: Upper Tamakoshi Hydropower Project
One of the six units of the 456MW hydropower project, believed to be the largest in Nepal, has generated electricity.
Prime Minister KP Sharma Oli “switched on” the Upper Tamakoshi Hydropower Project virtually by pressing a button during a video conference.
The hydropower plant, believed to be the largest project being developed with domestic financing, is located on the Tamakoshi River in Dolakha district in north-central Nepal, around 200km from Kathmandu.
The 76MW unit is now connected to the national grid through a 47.2-kilometre transmission line from Gogara to Khimti.
During the inauguration, Mr Oli has been quoted as saying: “The completion of the Upper Tamakoshi project has provided an opportunity for Nepal to export power in addition to local consumption, which is a great achievement.
Nepal starts operating its largest hydropower station Kathmandu Post
Kathmandu, July 6 The 456-megawatt Upper Tamakoshi Hydropower Project, Nepal s largest so far, reached a milestone on Monday with one of its six 76-megawatt units starting power generation.
Once the project starts evacuating power from all its six units to the national grid, Nepal will earn a status of becoming a power surplus country during the wet season.
Prime Minister KP Sharma Oli inaugurated the project located on the Tamakoshi River in Dolakha district in north-central Nepal, approximately 200km away from Kathmandu, by pressing a button during a video conference from Baluwatar.
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