KABELI A GROUNDBREAKING CEREMONY

First hydropower project in Nepal under construction

InfraCo Asia Development Pte. Ltd., part of the Private Infrastructure Development Group, and its Nepalese project partner, Butwal Power Company (BPC) held a groundbreaking ceremony in remote eastern Nepal on Thursday 23 March to mark the start of construction of the 37.6MW run-of-river Kabeli A Hydropower Project. This is InfraCo Asia’s first hydro development in the country, and it will create 60 long term jobs, while benefiting around 1.6 million people through a more reliable, affordable power supply. Read the full report.

Equicap Asia Managing Director, Mr Vivek Gupta, InfraCo Asia Director, Mr Tantra Narayan Thakur, Kabeli Energy Ltd Chair, Mr Pradeep Kumar Shrestha, InfraCo Asia CEO, Mr Allard Nooy, World Bank Nepal (Acting) Country Head, Mr Franck Bessette, DfID Nepal Senior Economic Advisor, Mr Strahan Spencer, Kabeli Energy Ltd CEO, Mr Sher Singh Bhat

GALLERY

Community turns out for Kabeli A groundbreaking ceremony

Over 300 people gathered for the symbolic groundbreaking and laying of a foundation stone. Representatives of the government of Nepal attended, as well as representatives of the government of the United Kingdom, which provides funding support through InfraCo Asia, with the governments of Australia and Switzerland. Mr Strahan Spencer, Senior Economic Advisor with the UK's Department for International Development in Nepal and Mr Franck Bessette (Acting) Country Head for the World Bank in Nepal both spoke. The World Bank also provided debt financing for the project. View the event gallery.

LOCAL PARTNERSHIPS VITAL

InfraCo Asia representatives also attended BPC's Golden Jubilee celebrations in Kathmandu on Saturday 25 March. At this event BPC Chair, Mr Padma Jyoti, acknowledged the importance of the development expertise and capital provided by InfraCo Asia for the Kabeli A project.

“The co-operation behind this project comes down to the individuals’ shared passion and commitment, as well as their complementary capabilities. We look forward to continuing to work closely together as the Kabeli A project materialises into the vision we all share.”

- InfraCo Asia CEO Allard Nooy on the importance of collaboration with Joint Venture partner, Nepal's Butwal Power Company (BPC).

MEDIA COVERAGE

Regional press attend

Almost 20 journalists from regions surrounding the Kabeli A project site covered the groundbreaking event and afterwards sat down to interview InfraCo Asia CEO, Allard Nooy. Publications in Kathmandu also reported on the implementation phase of the Kabeli A project as a significant development for Nepal's hydropower sector. View English-language media coverage.

About InfraCo Asia

InfraCo Asia www.infracoasia.com is a commercially managed infrastructure development and investment company headquartered in Singapore and part of the Private Infrastructure Development Group. It aims to stimulate greater private sector investment in infrastructure in Bangladesh, Bhutan, Cambodia, India, Indonesia, Laos, Myanmar, Nepal, Pakistan, Sri Lanka, the Philippines and Vietnam. InfraCo Asia develops and funds early stage, high-risk infrastructure development activities, taking an equity stake in socially responsible, commercially sustainable projects.

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