Bidyut Utpadan Company to develop four mega projects of 2000 MW

Bidyut Utpadan Company to develop four mega projects of 2000 MW  

May 28, 2017 10:18 AM     Bhim Gautam

Kathmandu: Bidyut Utpadan Company Ltd formed by the government is going to start up four mega hydro projects. The government had formed company for the construction of mega and reservoir projects. The company has submitted a request application for survey approval regarding four mega projects of 2001 MW to the Department of Electricity Development. Company has sent the application for survey license of Thulo Bheri (617 MW) Kimathanka Arun (450 MW), Jugdula (307 MW) and Lower Arun (627MW) hydro projects, said the information officer for the Department of Electricity Development Babu Raj Adhikari.

"We have received an application from Bidyut Utpadan Co. Ltd for the construction of four mega projects," he said. Chief Executive of the company Mohan Raj Panta said that they have submitted an application for four mega projects and will begin the work after getting the license. The company is also going to invest 10 percent share on Betan Karnali Hydroelectricity project of 688MW. The cabinet has just dismissed Budhigandaki Development Committee to take Budhi Gandaki (1200MW) and Nalsing Gad (410 MW) further based on company model. Even though the decision has taken to construct both projects through Bidyut Utpadan Company, recently Budhi Gandaki has decided to handover to the Chinese Company.  The Ministry of Energy had formed Bidyut Utpadan Co. on last October and appointed chief executive on December. After that the company had just began to work on mega projects. 

The company had targeted mega projects with authorized capital of Rs 20 bn, issued capital Rs 10 bn and paid-capital of Rs 2 billion. Company will have the share ownership of the Energy Ministry, Finance Ministry, Ministry of Law, Justice, Constituent assembly and Parliamentary affairs, NEA, Hydroelectricity investment and development company limited, Citizen Investment Fund, Rastriya Bima Sansthan, Employee Provident Fund and Nepal Telecommunication Company.