SOLU HYDROPOWER PRIVATE LIMITED
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Lower Solu hydropower project (the Hydropower Project) concerns the development, construction and operations of an 82MW run-of-the-river hydropower plant in the Solukhumbu district in Nepal.
What is our funding objective?
The main objective of the Livelihood Restoration and Development Plan is to enhance the livelihood of the Project Affected People (PAPs) through agri-based activities and other trainings that promote diversified farming and enhance food security.
Why do we fund this investment?
Improving access to electricity in a timely and cost-efficient manner is considered one of the most significant development challenges facing Nepal today. In order to align with the environmental and social (E&S) standards and protect the PAPs, a Livelihood Restoration and Development Plan was formulated. This is in line with FMO’s strategic priority to promote responsible investment.
More investments
| Date | Total FMO financing |
|---|---|
| 12/30/2014 | USD 5.40 MLN |
| 12/30/2014 | USD 24.60 MLN |
| 12/30/2014 | USD 12.50 MLN |
- Region
- Asia
- Country
- Nepal
- Sector
- Energy
- Effective date
- 9/7/2020
- Total FMO financing
- EUR 0.11 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A