About Us
Simbuwa Remit Hydro Limited
Simbuwa Remit hydro is a new concept formulated by Hydroelectricity Investment and Development Company Ltd. (HIDCL) for the development of hydropower sector in Nepal. A part of the remittance money the country is receiving will be used in the equity investment of hydropower projects. This will act as the social security vehicle for the benefit of the remit holders. The remit holders will make investment in this company in tranches to build the hydropower projects and after construction the dividend money is paid back as pension fund. It means, “Sibuwa Remit Hydro” is not a project per se, but is a concept. This is a concept which advocates that development of hydropower in exchange of the equity money.
Madhav Prasad Koirala
Chairperson
Krishna Prasad Neupane
CEO
Our Project
Simbuwa Khola HEP
Simbuwa Khola Hydroelectric Project is proposed to be developed in Tapethok VDC of Taplejung district of Nepal, utilizing the flow of Simbuwa Khola, a tributary of Arun River. The scheme is 70.34 MW Run-of-Rive type hydropower project with a gross head of 888.6 m and design discharge of 9.24 cumec at 40% flow exceedance level.