18th June 2025, Kathmandu
Everest Bank Limited and Chino Hydropower Limited have officially partnered to finance the 7.83-megawatt (MW) Chino Hydropower Project.
Chino Hydropower NPR 1.36 Billion Financing
This significant agreement, valued at NPR 1.36 billion, marks a crucial step towards boosting Nepal’s renewable energy capacity.
The financial management agreement was formally signed by Sudesh Khaling, Chief Executive of Everest Bank, and Bijay Bahadur Shrestha, Chairman of Chino Hydropower. This collaboration underscores Everest Bank’s commitment to supporting major infrastructure and sustainable development projects within the country.
Project Details and Impact
Located in the scenic Nasong Rural Municipality of Manang District, the Chino Hydropower Project is promoted by Butwal Power Company Limited. The project is set to be completed within two years, utilizing an EPC (Engineering, Procurement, and Construction) model with a Chinese contractor, ensuring efficient and timely delivery.
Once operational, the electricity generated by the Chino Hydropower Project will be seamlessly integrated into Nepal’s national grid. This connection will occur via the Dharapani substation in Manang District, enhancing energy distribution and reliability across the region.
A crucial milestone for the project was the Power Purchase Agreement (PPA), finalized in April/May 2025, between the Nepal Electricity Authority (NEA) and Chino Hydropower Limited.
This agreement guarantees the sale of electricity, providing a stable revenue stream for the project. The Chino Hydropower Project is expected to generate approximately 44.463 Gigawatt-hours (GWh) of clean electricity annually, significantly contributing to Nepal’s energy independence and reducing reliance on fossil fuels.
This strategic partnership between Everest Bank and Chino Hydropower not only facilitates the development of vital hydropower infrastructure but also plays a key role in achieving Nepal’s sustainable development goals.
For more: Chino Hydropower NPR 1.36 Billion Financing