richethydro Hydropower Development Company Limited has developed a (SPV) Special Purpose Vehicle Company “Arun Kabeli Power Limited” to build and operate a 25 MW Kabeli B1 hydropower project in East Nepal. Kabeli B-1 (25 MW) is a run-of-river hydropower project located in Kabeli river in Panchthar and Taplejung district. The project was identified and developed by a group of experts from Arun Valley Hydropower Development Company Limited and built by Arun Kabeli Power Limited.
The project is generating power since 3rd October, 2019 (B.S 2076.06.16).The power from the project is transmitted through 132 KV single circuit transmission line up to Amarpur substation of NEA. The power is consumed in Eastern Nepal. I am happy to inform that Kabeli B-1 hydropower project is running satisfactorily.
We have a plan to install solar power projects surrounding the powerhouse area. We also have a plan to start various agricultural activities in the project area. Goat farming, livestock, coffee cultivation, fishery development, medicinal herbs are some of the products which we are planning to develop.
I invite the shareholders of the company and hydropower developers to make a site visit to our 25 MW Kabeli B-1 hydropower project site and develop co-operation for hydro and agricultural development.
Clean energy has a big contribution on economic development of the nation. I request for your active involvement in this sector
Nepal Electricity Authority (NEA) has established an autonomous company named Upper Tamakoshi Hydropower Limited (UTKHPL) in March 2007 (2063/11/25 B.S.) as an executing agency for the implementation of the Project. There are six full time and two invitee members in the Board of Directors (BoD) at present. Out of six full-time members, four members from NEA, one from the Employees Provident Fund (EPF) and one from Nepal Telecom (NTC) are representing in the BoD. Similarly, representatives of Citizen Investment Trust (CIT) and Rastriya Beema Sansthan (RBS) are also in the BoD as invitee members. The majority share (51%) of the Company is hold by four public entities, namely, Nepal Electricity Authority (NEA), Nepal Telecom (NTC), Citizen Investment Trust (CIT) and Rastriya Beema Sansthan (RBS). NEA has 41% stake, NTC has 6% and CIT & RBS each has 2% stake in the Company. Similarly, general public and residents of Dolakha District will have 15% and 10% share respectively. The remaining 24% share will be taken over by contributors in Employees Provident Fund (EPF), NEA & Companys staffs and staffs of financial institutions providing loans.
