
Remit Hydro, a subsidiary of the government company Hydro Electricity Investment and Development Company Limited (HIDCL), is a concept 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. The project aims to promote collective remittances for development and encourage the productive use of remittances.
Established in 2014, Remit Hydro has been issued survey licenses for two run-off-the-river mid-sized hydro-power projects in Taplejung, in Eastern Nepal, at 19 Arab Rupees. It is expected that 24 per cent of this would be set aside for migrant workers.