After the government of Nepal (GoN) liberalized its policies and allowed private investors to build and operate hydropower projects, Nepal has been awaiting significant development in energy sector. To mobilize the skill, capital, and other resources of Nepali diaspora for this development, NRN Infrastructure and Development Limited(NRNIDL) was registered in Kathmandu under the Company Act 2063, in Nepal (September 2012) . Its goal is to facilitate collective investment in prioritized sector in Nepal by the Nepali diaspora.
Primarily, the idea of collective investment was adopted to attract the investment by individuals belonging to different income groups. This, in turn, allows all investors to feel that they are contributing to Nepal’s transformation. It was hoped that remittances, widely considered to be spent in consumption, would also be diverted to nation building using this vehicle of investment.
Undeniably, prosperous Nepal is a dream of every NRN.To achieve that dream, NRNIDL has already started collaboration with different partners. Agreement was made between NRNIDL and Himalayan Power Partner Limited (HPPL on 24 March 2013 to develop 27 MW Dordi Khola Hydropower Project in Lamjung. This project is now nearing completion. Agreement was made between NRNIDL and Sanima Middle Tamor Hydropower Limited (SMTHL) to develop 73 MW Middle Tamor Hydropower Project in Taplejung and the project is in the full phase of development at present. NRNIDL has invested in 28.1 MW Likhu Hydropower Project being developed by Swet Ganga Hydropower Limited in Ramechap. This project is in the full phase of development at present. NRNIDL has invested in another project being developed by Mathillo Mailun Khola Jalvidhyut Limited to develop 14.3 MW Mathillo Mailung Khola Hydropower Project in Rasuwa and the project is in the full phase of development at present.
I would like to thank all our investors from around the globe who put their trust in us. I am extremely grateful to all NRNIDL staffs, Nepal Electricity Authority (NEA), Department of Electricity Development (DoED) and all our well-wishers (who are directly and indirectly involved with us) without whom we would not have reached this stage. I look forward to receiving your continuous support in fulfilling our commitment to contribute in the development of the nation through collective investment, and I hope to march together in the noble mission of lighting and energizing our country for a better tomorrow. I am confident that this movement will be a milestone in materializing the Country's vision of ‘Prosperous Nepal, Happy Nepali’.
Jiba Nath Lamichhane
NRN Infrastructure and Development Limited
Panipokhari, Kathmandu, Nepal
P.O.Box : 8732
Tel : (977-1) 4002638
Fax : (977-1) 4002639