Nepal Water and Energy Development Co. Pvt. Ltd (NWEDC)
NWEDCPL stands for Nepal Water and Energy Development Company Private Limited. It is an energy utility company specialized in hydropower development. NWEDCPL was established with the intention of encouraging foreign investment to work in the area of hydropower in Nepal.
Currently NWEDCPL is developing 216 MW Upper Trishuli – 1 Hydroelectric Project in Rasuwa District of Nepal that will annually generate 1501 GWh of hydro-electricity and supply to the National Grid of Nepal to meet the ever increasing demand of the country. Nepal is blessed with huge potential of water resources with its steep surface topography with perennial rivers hurling down from Himalayan Range. Hydropower is major source of electricity in Nepal. World's 3.4% of energy comes from hydroelectricity. Nepal has a theoretical generating potential of producing 83,000MW of hydroelectricity and techno-economically generating potential of 42,000 MW. Today, country produces less than 1% of the theoretical potential. Despite the vast generating potential, not all resources have been utilized. Chronic shortage of electricity is affecting agriculture, industrial sector and services sector, while many houses have no electricity. To meet this demand, Government of Nepal has adopted liberal policy to attract private investment for the development of Hydropower projects in Nepal. Hydropower Act 2049 has established strong legal framework for the development of hydropower involving private sector initiatives.
Their effort is Empowering future by empowering light. A couples of years later, they assure to overcome the challenge of load shedding by exceeding the expectations of every individual, family, industry, business sector whom they define aspect of improvement. With their passion , they will fulfill the ambitioning dream of a child to make future bright as they are deprived of achieving quality and technology. They shall add to enthusiasm, and accomplish their commitment to their highest level of satisfaction.
They truly want be a pioneer.
Technology TransferUT-1 Main sponsor KOSEP has 10 years of Operation & Management (O&M) experiences and less than 2% of Transmission Loss which is very low comparing to Nepalese situation. KOSEP will transfer high level of O&M skill to Nepal .
Increment of Gross Domestic ProductBecause of Foreign Direct Investment, Nepal’s Gross Domestic Product will be highly increased. It will vitalize Nepalese economy.
Substitution of Diesel ImportLack of electricity causes huge amount of Diesel import for generator but UT-1 project can reduce diesel import more than 20 million USD per year.
Creation of EmploymentDuring the construction period (5 years), 200~500 Nepalese employees will work for this UT-1 Project per day. And during the operation period (30 years), 30~40 Nepalese employee will work for UT-1 operation.