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. […]

Despite Nepal officially joining BRI by signing an agreement in 2017, it could not further proceed with a single project due to geopolitical reasons. Other issues like lack of transparency and mode of finances have impeded the execution of BRI projects in the country. Both sides are now working to jointly develop a draft implementation […]

A few countries have shown resistance to the Belt and Road Initiative (BRI) linked projects owing to various concerns. In Nepal, the locals aggrieved that investment in BRI related projects are financially unviable and have adversely affected the environment.  The policymakers and politicians have been arguing to reevaluate the Chinese investments to avoid the anticipated […]