Earlier, the federal body provided monetary aid to the projects with generation capacity of more than 25MW.
As per the new regulations, it will provide funds of up to NPR200m ($2.25m) for medium-size projects under consortium model, reported Hydroworld.com.
HIDCL CEO Deepak Rauniyar remarked that the company has implemented the move to provide the finance to the projects, as it poses a major challenge for medium-size projects developers.
Rauniyar added that it would begin financing following the fulfillment of all the necessary criteria by the proposer.
To date, HIDCL financed a 42MW Mistri Khola Hydropower Project as its first project in a consortium of banks led by Nabil Bank.
Also, it has invested in Dhalkebar-Muzaffarpur cross-border transmission line through a 14% acquisition of Power Transmission Company Nepal (PTCNL), which is expected to build the project on the Nepali side.
