Nepal: Tamakoshi V Hydroelectric Project

GRANT SUMMARY INFORMATION

SPECIAL FUND TYPE

PPSF Grant

MEMBER

Nepal

SECTOR

Energy

FINANCING

APPROVED AMOUNT

USD900,000

TIMELINE

APPROVAL DATE

January 17, 2019

DESCRIPTION

The proposed project is a 101MW run-of-river hydroelectric plant designed to be operated as a lower structure of a cascade. The project objectives are to reduce the supply and demand gap by providing additional power to the national grid and to help stabilize the grid by contributing to meeting the daily peak demand. The Special Fund will be used to: 1) mobilize a Panel of Technical Experts to ensure the soundness of the engineering design; and 2) enhance quality of project preparatory activities and processes to meet the Bank’s Environmental and Social Policy.

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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

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