Finance Minister Swarnim Waglé Unveils Restructuring Plan for Hydropower Investment Institution
Finance Minister Dr. Swarnim Waglé has announced plans to merge Hydropower Investment and Development Company Limited (HIDCL) with other institutions as part of a broader strategy to transform the company into a specialized infrastructure financing institution.
The announcement was made while presenting the government’s policies and financial reform plans aimed at strengthening Nepal’s infrastructure and energy sectors.
HIDCL to Be Transformed Into Infrastructure-Focused Institution
According to Finance Minister Waglé, HIDCL will be merged with other institutions that align with the company’s objectives and long-term strategic vision.
The government aims to develop the institution into a stronger and more specialized company capable of financing large-scale infrastructure projects, particularly in hydropower, energy, and national development sectors.
Focus on Strengthening Infrastructure Financing
HIDCL was originally established to mobilize investment in Nepal’s hydropower sector and support large energy projects through long-term financing.
Officials believe that merging HIDCL with compatible institutions could:
- Increase capital strength
- Improve financing capacity
- Enhance operational efficiency
- Expand infrastructure investment capabilities
The restructuring is also expected to help Nepal accelerate major infrastructure and energy projects that require large-scale investment support.
Part of Broader Economic Reform Agenda
The proposed merger appears to be part of the government’s wider reform agenda focused on:
- Financial sector restructuring
- Efficient use of public resources
- Strengthening development financing
- Promoting infrastructure-led economic growth
Further details regarding the institutions involved in the merger process have not yet been officially disclosed.
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