Wednesday, August 14, 2013

Small Hydro Power and Venture Capital in Nepal

A recent published white paper from Alternative Energy Promotion Center (AEPC) mentions the need  of venture capital/ equity investment to ease the access to finance situation in the small hydro power segment...

This is what is mentioned in the white paper :- "

Assistance in Raising Equity and loans

  "Local community/developer need to be assisted/supported in equity and loan, equity investment, venture capital investment fund, long term soft loan etc.
Venture Capital system should be established. A study on how venture capital provision may be introduced in Nepal including long term soft loan and equity investment."


The white paper mentioned "  A study on how venture capital provision may be introduced in Nepal " My recommendation is to cover the following issues in the study  

  • Quality of deal flow- Not  just " Jhola ma Khola" 
  • Issue involving cost of capital, considering floating interest rate 
  • Taxation issues, tax incentives 
  • Lock in period 
  • Exit options & incentives while exiting for venture capital investors
  • Financial instruments that can be used 
  • Possibilities of   patient capital, including first loss option 
  • Environmental, social and governance risk 
Contact me for additional thoughts and comments 

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