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Canada’s Total Climate Finance Contribution:
$19,300,000 CAD
- 2010 to 2011: $19,300,000 CAD
Targeted Countries:
Nepal
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program provided support to finance the construction of the first project-financed hydropower plant in Nepal. The 37.6 megawatt (MW) peaking run-of-river hydropower plant is expected to help address energy shortages in the country, which will support economic growth and overcoming poverty.
Results/Expected Outcomes
This project is expected to unlock the country’s hydropower potential and to help transform the energy sector. With support from Canada, this project is expected to mobilize an additional $80.2 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 114,400 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance ($CAD):
$80,200,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
114,400