Energy
A vast experience in the Nepalese energy sector.
ICTC Power Pvt. Ltd.
Hydropower Projects
Our well acknowledged services have extended to all major public undertakings and also include Nepal’s first Independent Power Producer (IPP). With ICTC’s policy to develop small and medium hydro projects with its own resources and to partner with international developers for bigger hydro projects, we believe the years ahead will soon witness ICTC’s discernable accomplishments in this sector.
ICTC has been providing full fledged services to private-public partnership projects such as 900MW Upper Karnali since their project development stages
ICTC can become a local partner for ICTC Power Pvt. Ltd. developing big projects. ICTC has a unique and a rich experience in providing unparalleled local logistics and value added services to companies seeking business opportunities and hydro development opportunities in Nepal. We are able to provide all the required level of services from project identification through engineering and design services to construction management and commissioning. ICTC is currently exploring a number of new hydropower investment projects ranging from 2.8MW to 600MW. Developers, investors, joint venture partners, contractors, consultants, equipment suppliers interested in development of hydropower projects in Nepal are invited to contact us.
Our Typical Services for Hydropower Development/ Investment in Nepal
- Identify Greenfield, license acquisition, or PPP projects with GoN/NEA/VUCL.
- Provide desk studies and basic project information.
- Liaise with Government and license holders for project exploration.
- Advise on license status of prospective projects.
- Track project licenses eligible for government cancellation/reapplication.
- Review infrastructure, PPA, and local issues for due diligence.
- Advise on legal, strategic, contractual, and logistical requirements.
- Identify potential partners, suppliers, and professional service providers.
- Advise on strategies to acquire licenses from third parties.
- Identify and advise on potential strategic partners.
- Provide logistical support for project site visits.
- Deliver technical consulting (feasibility, design, EIA) via local experts.
- Assist with local entity/SPV registration and regulatory liaison.
- Identify experienced legal agencies and advisors.
- Identify credible professionals for local company/SPV operations.
- Advise on SPV operations per local laws and practices.
- Facilitate critical issue resolution until Generation License award.
- Arrange stakeholder meetings for due diligence and assessments.
- Attend developer meetings with relevant agencies and third parties.
- Respond to queries regarding submitted reports and project tasks.
- Provide operational support (visas, transport, and hotel bookings).
- Update on political and bureaucratic developments impacting projects.
ICTC has worked with World renowned developers, investors, engineering firms, contractors and equipment vendors in the engineering, construction and supply of major HYDRO POWER and ELECTRIC TRANSMISSION, DISTRIBUTION and SUBSTATION PROJECTS in Nepal.
This accumulated experience of more than 50 years is now being used to promote the development of HYDRO PROJECTS by the PRIVATE SECTOR. We currently have several power projects at various stages of development.
Upper Solu Hydro Electric Company (USHEC)
Major Hydropower Projects
In the year 2009, as an immediate measure to address the impending energy crisis, Government of Nepal through Department of Electricity Development (DoED) forwarded eight projects (varying in capacity from 5 MW to 40 MW) studied by the Government through DoED, including Solu HEP for development by private developers (domestic and international) through a competitive bidding process, which ICTC Group won.
Awarded in April 2010 with Survey License. Paid upfront charges of NPR 66 million. Total investment cost USD 48 Million. Capital (Authorized, Issued) – NPR 500 Million.
23.5 MW Solu HEP is being developed through 70 % ICTC Group owned SPV, Upper Solu Hydro Electric Company (USHEC) under Boot contract/ development. The proposed Solu HEP is located in the Solu Khola of Solukhumbu District in Eastern Nepal.
Construction of the project was started in February 2015 and completed in December 2020. Power generation from the project is expected to be started and evacuated to Grid from the month of February 2020.
USHEC also acquired the survey license of 2.8 MW Sisa Khola ‘A’ HEP. Sisa Khola ‘A’ HEP is located in Sisa Khola in Kerun and Tinla of Solududhkunda Municipality of Solukhumbu District in Sagarmatha Zone of Nepal. Sisa Khola is the one of the tributary of Solu Khola.
Headworks of the project is located in Chhangetar of Kerun of Solududhkunda Municipality whereas the power house site is just downstream of the confluence of Sisa Khola with Solu Khola. All the structures for the projects lie in the right bank of Sisa Khola and Solu Khola. Both Solu Khola and Sisa Khola lie in the same vicinity.
Nepal’s principal natural resources are its mountainous topography and the abundant supply of water. For realization of this vast potential, the country needs to invest in hydro projects. Only then will Nepal be able to support industries, which are so urgently needed to raise the standard of living and improve the socioeconomic condition of its population.
A preliminary estimate has established that Nepal has a total potential of generation of 83,000 MW of hydroelectricity out of which about 42,000 MW of hydroelectricity could be generated from numerous technoeconomically feasible power sites in the country. However, to date only about 2% of this potential has been developed, even though the history of hydroelectric generation dates back to 1911.