The project is being developed by Simkosh Hydropower Pvt. Ltd. The project area lies in the Dhaulagiri Rural Municipality in Myagdi district of Nepal, 218 km west of Kathmandu. The proposed Simkosh Khola Hydroelectric Project has been planned as a simple Peaking (4 hr) Run-of the-River(PRoR) type project. It has an installed capacity of 3.45 MW. The RCOD of the project is on 2083-11-07 .
The project is located in a remote area with no settlements upstream of the intake. Thus no adverse social impacts are anticipated during project implementation.
The project envisages special capacity building activities and trainings for the local residents to enable them to adapt to climate change and use appropriate, up-to-date mitigation/adaptation technologies. Estimated 133,875 kg CO2e will be monthly avoided, in terms of project lifeline, which will result in 48,195 tonnes CO2e mitigation.
Salient Features of the Proposed Project
|
Name of Project |
Simkosh Khola Hydroelectric Project |
|
Design Head |
330 m |
|
Design Discharge |
1.5 m3/ sec |
|
Installed Capacity |
3.45 MW 4 hours peaking storage (PRoR) |
|
Total Project Cost |
USD 5,310,000.00 (Approx) |
|
Dry Season Energy |
7.67 GWh |
|
Wet Season Energy |
14.41 GWh |
|
Average Annual Energy after Outage |
22.08 GWh (Approx) |
|
Annual Sales on CoD date |
154.97 (MNPR) |
|
Proposed Loan Equity Ratio |
70:30 |
|
Internal Rate of Return (IRR) |
14.7% |
|
Return on Equity (ROE) |
24.84% |
|
Debt Service Coverage Ratio (DSCR) |
1.85 times (185%) in twelve years' average |
|
Interest Service Coverage Ratio |
7.26 times (726%) |
|
Payback Period |
5.77 years which is amongst the lowest in Nepal |
The key activities in the development stage of the proposed project and their status are presented in the table below.
Project Development Stage Activities and Their Status
|
S.N |
Activity/Item |
Prerequisites |
Status |
|
|
Identification of the Project |
Study and Field visit |
Completed |
|
|
Survey License Generation License |
Field Visit and Desk Study Report PPA/IEE/FC |
Obtained FC Under Progress |
|
|
Feasibility Study |
Survey, feasibility, Design Study Report |
Completed |
|
|
Detail Design |
Detail Engineering Report |
Completed |
|
|
Clearances: Environmental, Forest |
IEE Studies |
Ongoing |
|
|
PPA with NEA |
Agreement: |
Signed on 2079-11-11 |