Khimti-1 Hydropower Project Share Ownership Transfer Process Resumes
Summary
The transfer of 50% ownership of the 60 MW Khimti-1 Hydropower Project to the Nepal Electricity Authority, due since five years ago, is moving forward as the negotiation committee has been reconstituted to finalize ownership, purchase agreement, and royalty issues.
Key Points
- Half ownership transfer of Khimti-1 Hydropower Project to Nepal Electricity Authority was due five years ago but delayed.
- Disputes on project ownership, new electricity purchase agreement, royalty, and tax payments caused delays.
- Negotiation committee chaired by Anshu Kiran Shahi has been reconstituted to resume talks with Himal Power Limited.
- Agreement on ownership transfer and new purchase rate has been reached, easing the authority’s financial burden.
