48360-002: Hydroelectricity Financing Project | Asian Development Bank

Nepal: Hydroelectricity Financing Project

Sovereign (Public) Project | 48360-002 Status: Active

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) HIDCL's financial, project and credit risk management system enhanced, and (ii) HIDCL's environmental and social safeguard management system (ESMF) enhanced.

Project Details

Project Officer
Hoshino, Takuya South Asia Department Request for information
Country
  • Nepal
Modality
  • Technical Assistance
Sector
  • Finance
 
Project Name Hydroelectricity Financing Project
Project Number 48360-002
Country Nepal
Project Status Active
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 Equity and Mainstreaming 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) HIDCL's financial, project and credit risk management system enhanced, and (ii) HIDCL's 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 will complete the assignments 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 will complete his work by Q4 2018. Once the ESMF and ESSM are established, one national safeguards expert will be recruited to 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
The Government of Nepal
Singha Durbar
Kathmandu, Nepal
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 14 Dec 2016
Last Review Mission -
Last PDS Update 26 Mar 2018

TA 9280-NEP

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2016 - 14 Dec 2016 31 Jan 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 14 Dec 2016 69,194.78

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 Public Communications Policy (PCP) 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 Public Communications Policy (PCP) 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.

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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.