Wednesday 22 October 2014

Khare Khola Hydropower Project signs loan deal.


KATHMANDU, Oct 22: A consortium of 10 commercial banks led by Machhapuchchhre Bank Ltd is financing Khare Khola Hydropower Project (KKHP).

The project with installed capacity of 24.1 MW is promoted by Consortium Power Developers (CPD). The company consists of well know figures in Nepal. CPD comprises the chairman of Fulbright consultancy/Excelling Investment Company and Lama Construction, one of the leading construction companies in Nepal.
CPD Chairman Lal Krishna KC and Machhapuchchhre Bank CEO Tulasi Ram Gautam signed an agreement for loan financing of Rs 2.94 billion amid a function held in the capital on Tuesday.
Nabil Bank and Everest Bank Ltd are co-leading the consortium of lenders which also includes Global IME Bank, Nepal SBI Bank, NCC Bank, Kumari Bank, Bank of Kathmandu, Siddhartha Bank and Nepal Bangladesh Bank Ltd.
 Since I was involved in the project for a fairly long time, I wish the the Khare’s team all the best in advance. For those who are interested in the project, below is the short Salient feature.
INTRODUCTION TO
CONSORTIUM POWER DEVELOPERS PVT.LTD.
and its Flagship Project
KHAREKHOLA HYDROPOWER PROJECT (KKHEP)

Name of the Firm                    : CONSORTIUM POWER DEVELOPERS PVT.LTD. [CPD]
Contact Person                        : Er. Dipak N. Chalise (CEO)
Registration Number               : 72802/66/67at Company Registrar’s Office, KTM on 2010/05/13 A. D.  
VAT Reg. Number/ PAN       : 304234648

Consortium Power Developers (Pvt) Ltd. (CPD) was established to carry out survey, research, study, design together with promotion, development, construction, management and operation under BOOT, Turnkey, Lease, Supply or any other appropriate modality for production of electricity (power/energy) and to manage buying/selling/distribution of produced energy to GoN or private sector also by directly participating in Tenders invited by any Governmental or Non-governmental Organizations, Companies, Firms or Individuals for production of electricity (energy) and construction of roads and buildings associated with it. 
Partners and Directors
Name
Representative
Position
Ms. Excelling Investment Ltd.
Er. Lal Krishna K C
Chairman
Ms. Lama Construction (P.) Ltd.
Mr. Jip Tshering Lama
Director
Ms. P S Construction (P.) Ltd.
Mr. Jyangbo Lama Sherpa
Director
Ms. Sahiba International (P.) Ltd.
Er. Thakur Prasad Sharma
Director

CPD Flag Ship Project - Khare Khola Hydroelectric Project (KKHEP – 24.1 MW)

Ø  KKHEP is developed by Consortium Power Developers Pvt. Ltd. (CPD)
Ø CPD was entrusted with the project development after winning a Competitive Bid solicited by DoED/GON under BOOT arrangement

Project Objective
      To invest for Building, Owning, Operating and Transferring (to GoN) Kharekhola Hydroelectric Project (KHEP) and earn Reasonable Profit
      To generate electricity using hydro potential available in Khare Khola
      To sell the generated electricity to NEA under the provision of PPA by connecting to National  Grid at Singati substation
      To help reduce power shortage in the country and contribute towards sustainable development

Project Location
      Region:            Central Development Region
      Zone:               Janakpur Anchal
      District:            Dolakha

Major Project Features:

      The Project is a run–of-river type small hydroelectric project of capacity 24.10 MW (Q40)
      Annual energy generation             139.22 GWh
      Dry Energy                                   23.27 GWh  
      Wet Energy                                   115.95 GWh
      Gross Head                                   343.85 m 
      The rated net head which is           333.77m
      Design discharge is                       8.43 m3/s
      Project Cost                                   NPR
 . Cost Per MW                              163 million

Major Structures of the Projects are as follows:
1    Diversion Weir, Intake
3.   Gravel Trap, Intake Canal, Setting Basin
6    Waterway: Headrace Pipe and Headrace Tunnel
7        Surge Shaft, Penstock 
8        Powerhouse and Switchyard
9        Tailrace Culvert
10    Transmission Line: 132 KVa; Length = 10.00 km
12  Access Road:   District Road – Class II; Length = 10.66 km
13  Turbines: Vertical Shaft Pelton Type (2 Units
14  Generator: Brushless Synchronous (2 Units); Capacity = 12,074 KW, Voltage = 33 kV
15  Transformers: Three Phase Type; Rating 33 MVA

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