The Khimti I Hydropower Project is the first private sector power project in Nepal, based on a Build-Own-Operate-Transfer (BOOT) structure. The power plant is owned and operated through the company, Himal Power Limited.
Himal Power Limited was established in 2049 BS (1993) when Butwal Power Company (BPC) together with the Norwegian companies Statkraft SF, Alstom Power a.s. (formerly ABB Kraft), and GE Energy a.s. (formerly Kværner Energy) registered HPL under Nepal's Company Act 2021 BS.
In addition to the investors, the International Finance Corporation (IFC), the Asian Development Bank (ADB), Eksportfinans a.s., the Norwegian Agency for Development Cooperation (NORAD) and the Nordic Development Fund (NDF) have contributed to the financing of HPL.
Contact Person: Sunil Manandhar
Title: Project Development Manager
Name of Project: Khimti
Location: Kirne, Dolkha