Tila-1 Hydropower Project (440 MW) has achieved significant institutional, regulatory, environmental, technical, and financial milestones, marking a major step forward toward the implementation of one of Nepal's significant hydropower projects.
The Project has executed a formal Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA), obtained approval of the Environmental Impact Assessment (EIA), and signed a 400 kV Grid Connection Agreement with Rastriya Prasaran Grid Company Limited (RPGCL). These key achievements provide a strong foundation for long-term power offtake, environmental compliance, and reliable grid connectivity.
A major milestone has also been achieved with the successful completion of financial closure for the Project. The financing has been arranged through a consortium of leading financial institutions, with NMB Bank Limited serving as the Lead Bank, supported by participating consortium member banks. The completion of financial closure represents a significant demonstration of the Project's bankability, financial viability, and readiness for implementation.
With major contractual, regulatory, environmental, grid connectivity, and financing requirements substantially completed, the Project is now progressing toward construction and full-scale implementation. The Project is focused on finalizing construction mobilization, contractor coordination, procurement, site preparation, and other implementation activities required for timely execution.
The Tila-1 Hydropower Project is envisioned as a significant contributor to Nepal's clean and renewable energy generation, energy security, economic development, and sustainable growth. With financial closure successfully achieved and key project prerequisites in place, Tila-1 is positioned to move confidently into its construction and implementation phase.
Geotechnical & Hydrological Verification
