Synergy Consulting is the financial advisor to Nepal Water and Energy Development Company (NWEDC) for Upper Trishuli-1 Hydropower project.

  • Financing Agreements Signed for Upper Trishuli-1 Hydropower project in Nepal
  • NWEDC is the special purpose company established by the project shareholders for the development of Upper Trishuli-1 Hydropower Project. The shareholders of the project are Korea South East Power Co. Ltd. (KOEN), Daelim Industrial Co. Ltd., Kyeryong Construction Industrial Co., Ltd., IFC and Local Partner Mr. Bkesh Pradhanang
  • NWEDC signed the financing agreements with International Finance Corporation (IFC), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Export-Import bank of Korea (K-EXIM), Korea Development Bank (KDB), CDC Group PLC (CDC), Netherlands Development Finance Company (FMO), PROAPRCO Development Financial Institution (PROPARCO), and The OPEC Fund for International Development (OFID) for the loan financing of Upper Trishuli-1 Hydropower Project amidst a special signing ceremony organized in Kathmandu on Friday, 1st Nov 2019
  • Total debt requirement for the project is around USD 453.2 MN. The financing has been led by International Finance Corporation (IFC)
  • Nepal Electricity Authority (NEA) is the sole off-taker for the project
  • Synergy has supported NWEDC in negotiation and finalization of Project Development Agreement & Power Purchase Agreement, financial modelling, lenders due diligence process, finalization of the lender group and negotiations and finalization of financing agreements with the lender group