Nepal : Hydroelectricity Financing Project

Sovereign Project | 48360-002

The TA impact will be increased investments in hydropower projects. The TA outcome will be strengthened capacity of HIDCL in financing hydroelectricity projects. The TA outputs will be (i) HIDCLs financial, project and credit risk management system enhanced, and (ii) HIDCLs environmental and social safeguard management system (ESMF) enhanced.

Project Details

  • Project Officer
    Hoshino, Takuya
    South Asia Department
    Request for information
  • Country/Economy
    Nepal
  • Modality
  • Sector
    • Finance
Project Name Hydroelectricity Financing Project
Project Number 48360-002
Country / Economy Nepal
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9280-NEP: Hydroelectricity Financing Project
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender No gender elements
Description The TA impact will be increased investments in hydropower projects. The TA outcome will be strengthened capacity of HIDCL in financing hydroelectricity projects. The TA outputs will be (i) HIDCLs financial, project and credit risk management system enhanced, and (ii) HIDCLs environmental and social safeguard management system (ESMF) enhanced.
Project Rationale and Linkage to Country/Regional Strategy The TA will support the Hydroelectricity Investment and Development Company Limited (HIDCL) enhance its project readiness in environmental, social safeguard, and financial risk management for future introduction of an ADB credit line.
Impact

Investments in hydropower projects increased

Project Outcome
Description of Outcome

HIDCL capacity in financing hydroelectricity projects strengthened

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

HIDCL's financial, project and credit risk management system enhanced

HIDCL's environmental and social safeguard management system enhanced

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services

The TA hired an international risk management expert to (i) strengthen financial risk management and credit and project management frameworks for HIDCL and (ii) provide trainings to HIDCL staff for the implementation of the frameworks. The consultant has started to work from Q3 2017 and most of the planned activities have been completed by Q3 2018.

The TA also hired an international safeguards expert to (i) finalize an environmental and social management framework (ESMF) that is aligned with international best practices, (ii) support the establishment of environmental and social safeguard management unit (ESSM) and implementation of the new ESMF, and (iii) provide trainings for the ESSM staff and project sponsors. The safeguards expert started to work in Q3 2017 and a draft ESMF has been prepared in Q1 2018. Once the ESMF and ESSM are established, an international safeguards expert and one additional national safeguards expert (to be recruited) will support and monitor the implementation of ESMF

Procurement None.
Responsible ADB Officer Hoshino, Takuya
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 14 Dec 2016
Last Review Mission -
Last PDS Update 30 Sep 2019

TA 9280-NEP

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2016 - 14 Dec 2016 31 Jan 2019 30 Nov 2019 10 Dec 2019
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 0.00 0.00 0.00 0.00 225,000.00 17 Jun 2022 175,348.27

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.


Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

Tender Title Type Status Posting Date Deadline
National Safeguards Expert Individual - Consulting Closed

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.