Deal #10447
Nepal
Created at
2024-07-15
Last update
2024-09-24
Last full update
2024-09-24
Operating Company
Operating company
Comment on investment chain
A $150 million loan agreement was signed with the ADB on February 21, 2013. A similar loan agreement for $183 million was signed with Jica on March 13, 2013, and an agreement was signed with the European Investment Bank (EIB) on May 7, 2013 for a $70 million loan, which was later increased to $85 million.
https://kathmandupost.com/money/2017/05/05/162-landowners-receive-compensation-payouts
However I have found contracting evidence on investor info. According to the official ADB page: https://www.adb.org/projects/43281-013/main#project-pds
Loan 2990-NEP: Tanahu Hydropower Project Asian Development Fund US$ 120.00 million
Loan 2991-NEP: Tanahu Hydropower Project (ADF Hard-term) Asian Development Fund US$ 30.00 million
Loan: Tanahu Hydropower Project (ADF Hard Term) European Investment Bank US$ 70.00 million
Loan: Tanahu Hydropower Project (ADF Hard-term) Japan International Cooperation Agency US$ 184.00 million
Abu Dhabi Fund US$ 30.00 million
TA 8329-NEP: Support for Sustainable Energy Management and Reforms Japan Fund for Prosperous and Resilient Asia and the Pacific US$ 1.50 million
Loan: Tanahu Hydropower Project European Investment Bank US$ 15.00 million
Grant: Tanahu Hydropower Project KfW US$ 33.55 million
However in the official page of Tanahu Hydropower Limited, KfW, Abu Dhabi Fund is not present, EIB has an investment of 85 milllion dollars while GoN also has investment of 85 million dollars
Network of parent companies and tertiary investors/lenders
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