Completed Development AidData Chinese Aid

China Eximbank provides RMB 154 million government concessional loan for the Upper Trishuli 3A-Kathmandu 220kV Transmission Line and 132kV Line Bay Extension Works Project (Linked to Record ID#53716)

¥154M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Nepal
Country	Nepal
Start Date	Aug 17, 2011
End Date	Dec 01, 2028
Duration	6,316 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`38705`

Grant Description

China Eximbank provides RMB 154 million government concessional loan for the Upper Trishuli 3A-Kathmandu 220kV Transmission Line and 132kV Line Bay Extension Works Project On March 27, 2011, Nepal Electricity Authority and China International Water & Energy Corporation (CWE) signed a $22.6 million EPC contract for the Upper Trishuli 3A-Kathmandu 220kV Transmission Line and 132kV Line Bay Extension Works Project.

Then, in May 2011, the Export-Import Bank of China and the Government of Nepal signed a Memorandum of Understanding (MoU) on the Upper Trishuli 3A-Kathmandu 220kV Transmission Line and 132kV Line Bay Extension Works Project.

China Eximbank and the Government of Nepal subsequently signed a RMB 154 million ($24,335,542) government concessional loan (GCL) agreement [CHINA EXIMBANK GCL NO. (2011) 33 TOTAL NO. (1400)] on August 17, 2011 to finance the project.

📋 Loan / Grant Terms

💰 Loan Amountare as follows: an interest rate of 1

The loan achieved a disbursement rate of at least 56.2% ($13,684,691 out of $24,335,542), with 5 disbursements taking place between June 2014 and June 2021: a $1,290,322 disbursement on July 17, 2014, a $3,305,883 disbursement on December 18, 2018, a $4,676,694 disbursement on January 23, 2019, a $3,972,280 disbursement on June 30, 2020, and a $439,512 disbursement on June 30, 2021.

The loan's amount outstanding was RMB 128,739,985.4000 ($19,896,375.2093) as of July 15, 2021.

The project involved the construction of a 48 km, 220 kv double circuit transmission line from the switchyard at the Upper Trishuli 3A Hydroelectric Power Plant (located near Simle village within Kispang Rural Municipality on the borders of the Rasuwa and Nuwakot districts) to the Matatirtha substation in Kathmandu.

The project was planned to be completed on August 26, 2013.

However, the 2015 earthquakes in Nepal, fuel issues, land acquisition, and delays in tree-cutting permits slowed project implementation considerably. The line was completed on April 30, 2019. It began transmitting power from the Upper Trishuli 3A Hydroelectric Power Plant on November 18, 2019.

📋 Staff Comments

The Government of Nepal’s Aid Information Management System (AMIS) records the face value of the loan as $24,335,542. However, given that the loan was provided through an RMB-denominated GCL agreement, AidData records the face value of the loan as RMB 154 million.
A report published by the Government of Nepal’s Public Debt Management Office (PDMO) puts the maturity of the loan at 10.17-years (see https://www.dropbox.com/s/2jgltrisjo9nfr1/PDMO_Annual_debt_Report_2077_1650957136.pdf?dl=0). These discrepancies warrants further investigation.
The Chinese project title is 垂树里至加德满都220KV输电线路及132KV线路扩展项目.
The creditor's loan identification number is GCL[(2011)]33(383) or CHINA EXIMBANK GCL NO. (2011) 33 TOTAL NO. (1400). The Government of Nepal's debt identification number is 1400.

📚 Sources & References

China Exim Agrees Trishuli Hydro Loan
Upper Trishuli 3A Hydroelectric Project
Upper Trishuli 3A Hydroelectric Project, 1 INTRODUCTION, 2017 Development Cooperation Report
公司尼泊尔上垂树里输变电项目政府框架协议和贷款协议顺利签署
尼泊尔上垂树里输变电项目架空线工程全线竣工
Nepal AMP Project Record- Upper Trishuli 3A - Kathmandu 220kV Transmission Line and 132kV Line Bay Extension Works Project
Annual Report 2011
UT 3A finally connected to national grid in full capacity
GENERATION DIRECTORATE 11th Issue
公司签署尼泊尔上垂树里至加德满都220KV输电线路及132KV线路扩展项目 EPC总承包合同
China proposes five areas of cooperation
Nepal seeks foreign help for energy
Upper Trishuli 3A Hydroelectric Project
PM
Energy Minister inaugurate Upper Trishuli 3A hydropower project
BILATERAL RELATIONS
Upper Trishuli 3A Hydroelectric Project
Nepal’s NEA commissions 220 kV Trishuli–Kathmandu line [free access]
Upper Trishuli 3A - Kathmandu 220kV Transmission Line and 132kV Line Bay Extension Works Project
IEE Addendum Chilime - Trishuli Project
Nepal
Environmental and Social Data Sheet Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.