Initially, a Norwegian firm decided to develop Tamakoshi hydropower project, with an installed capacity of 650 mw, but discontinued due to political tension between Nepal and India. However, in 2019, two Chinese and one Nepali firm have decided to jointly develop the Tamakoshi 3 hydropower project of 200 mw with worth investment of USD 500 […]
The China-backed Asian Infrastructure Investment Bank (AIIB), in 2019, approved a loan of up to USD 90 million to develop 216 mw Upper Trishuli-1 hydro power project under a build-own-operate-transfer model, located on Trishuli River in Nepal. The total cost of project is around USD 650 million financed completely by foreign capital coming from the […]
The Budhi Gandaki hydropower project, located in Central/ Western development region on the Budhi Gandaki river of Nepal, is a ‘storage-type project’ that aims to address the energy shortage in the country. The 1200 mw project, once listed in the BRI in 2017, was abandoned by the government owing to irregularities and delay in award […]
In 2017, Butwal Power Company, a Nepalese firm, in association with three Chinese companies agreed to develop three separate hydropower projects of at least 1000 mw with an investment of up to USD 3 billion in 5 years ahead. Followed by a number of other projects, this joint venture under the BRI is a long […]
The Upper Marsyangdi-A power station, located in the upstream of the Marsyangdi river in Lamjung district, Nepal, is a joint venture of Power China and Sino-Sagarmatha Power Ltd. With a few months’ delay due to unfavorable conditions like earthquakes and border blockade, the project commenced in 2013, completed in 2016 and became operational in 2017. […]
In 2015, China, under the BRI, agreed to provide financial assistance to Sri Lanka in building the national nephrology specialist hospital in Polonnaruwa region. The construction of a 25,000 square-meters Sino-Sri Lanka friendship hospital, at an estimated cost of USD 61.5 million, began in 2018 and was completed in June 2021. The Sino-Sri Lanka friendship […]
In June 2012, China Development Bank Corporation (CDB) and the government of Sri Lanka signed a $214.2 million loan agreement for the development of Moragahakanda-kalu Ganga project. It is an irrigation and power generation project, aimed to promote agriculture and plantation sector of Sri Lanka. The project aimed to generate 20 megawatts to cater the […]
Amid the outbreak of pandemic covid-19, China has extended medical assistance to the country. With Amid the outbreak of pandemic covid-19, China has extended medical assistance to the country. With supplying 1.1 million doses of the Sinopharm vaccines, it extended a $500-million loan to the country. Moreover, it has promoted people to people interaction and […]
Narocholai coal power plant, also knowns as Lakvijaya coal plant is the country’s largest coal power based energy generator located in Norocholai, Puttalam, on the southern-end of the Kalpitiya Peninsula. In spite of protests from civil society and environmental organizations, the construction began in 2007, project completed and operationalized in three phases in 2011, 2013 […]
In April 2017, the government of Sri Lanka signed a USD 54.8 million loan agreement with China Development Bank for the Katana Water Supply Project (WSP) to ensure safe drinking water supply to all 45 Grama Niladdhari divisions in Katana Divisional Secretariat. It involved the construction of three towers (at Bambukuliya, Ewariwatta and Thibirigaskatuwa) and […]