File No.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under Section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
BHOTE KOSHI POWER COMPANY PRIVATE LIMITED
(Name of Foreign Utility Company)
PANDA BHOTE KOSHI
4100 Spring Valley Road, Suite 1001
Dallas, Texas 75244
(Name of Filing Company)
The Commission is requested to mail copies of all correspondence
relating to this Notification to:
Panda Bhote Koshi
Attn: General Counsel
4100 Spring Valley Road, Suite 1001
Dallas, Texas 75244
ITEM 1
Foreign utility status is claimed by Bhote Koshi Power Company
Private Limited, a private limited liability company registered under
the Nepalese Company Act 2021 (the "Company"), whose address is KHA
1-960, Kalimati, Tachachal, Kathmandu, Nepal.
The Company is the owner of a hydroelectric power plant ("Bhote
Koshi Facility"), which will go on line on or before September 1, 2000.
Electric power generated by the Bhote Koshi Facility is to deliver
36 MW, producing 246 million kWh of energy per year. The project will
include a 24-Km transmission line connecting to a switchyard built near
an existing downstream hydroelectric plant. The switchyard and a 48-Km
transmission line will evacuate the power generated by the Project to a
substation in Bhaktapur built by the Nepal Electricity Authority, the
state utility.
The Company is owned by Himal International Power Corporation,
Private Limited (10%), RDC of Nepal (5%), International Finance
Corporation (10% non-voting interest) and Panda of Nepal (75%). Panda
of Nepal is owned by Panda Bhote Koshi, a Camyan Islands Company and the
reporting company (100%).
ITEM 2
Bhote Koshi Power Company Private Limited, has no domestic associate
public utility companies.
No state commission certification is required under Section 33(a)(2)
of the Act in connection with this transaction.
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SIGNATURE
The undersigned company has duly caused this statement to be signed
on its behalf by the undersigned thereunto duly authorized.
PANDA BHOTE KOSHI
By: /s/ ______________________________
Name: L. Stephen Rizzieri
Title: Secretary
4100 Spring Valley Road, Suite 1001
Dallas, Texas 75244
972/980-7159
Dated: June 20, 2000
