Status: Proposed
Timeframe: 2018-?
Estimated Date of Board Consideration: 2019 Q4
Area: Tamakoshi river/basin in Janakpur, Nepal
AIIB Investment Amount: 112 million USD
Total Project Cost: 165 million USD
Co-financier: GoN/NEA
E&S Category: A
Project Details: The project is a 101 MW run-of-river hydro generation plant. It aims to bridge the supply and demand gap by injecting extra power into the national grid, while also contributing to grid stability and meeting the daily peak demand.
Project concerns:
Resettlement/Biodiversity
According to early estimates in the Project Summary, 35 households (consisting of approximately 177 individuals) are expected to be affected by land acquisition impacts, primarily in terms of economic displacement, with two of these households expected to experience physical displacement.
However, according to the 2023 case study the project will affect seven community forests, covering a total of 1111.47 ha. The community forest belongs to 1,040 households (excluding Bimira Tatopani, as no data available) in total and are mostly used for grazing purposes and to get firewood for cooking, heating, and ceremonial purposes.
Transparency:
There is still no approved ESIA (as of 2026) available for the project, however the project developer is inviting bids for electromechanical equipment and transmission line works.
The loan is not longer on the AIIB-Page, neither in the canceled, nor in the hold, or approved section. The PDF with the loans project summary is still online. In 2020 the Employees Provident Fund, the Nepalese pension fund provided loans for the project of ca. 93.26 million USD according to 2023 news reports.
Organizations monitoring: CEMSOJ
CSO reports: Case Study from urgewald & CEMSOJ (2023)
Further information: AIIB Page
Last update: 18.03.2026
