A partial investment has been made in the Marsyangdi River semi-reservoir hydropower project of 90 MW. Under the leadership of Kumari Bank, 3 banks and financial institutions have signed an agreement to invest 10.50 billion rupees.
Kumari Bank Limited, Prabhu Bank Limited, Krishi Bikas Bank Limited and Siddharth Bank Limited have joint investment in the project. Other banks and financial institutions will soon agree to invest Anup Acharya, President of Hune MA Power Pvt Ltd said. The
project will be built on the Marsyangdi River which flows through Gorkha's Palungtar Municipality, Lamjung's Rainas Municipality and Tanahun's Bhanu Municipality. A total cost of 20 billion 25 million rupees including interest for the construction period of the project is estimated. It is said that the
project will have 75 percent loan and 25 percent equity investment. According to the promoter company, Kumari Bank Limited has 4 billion rupees, Prabhu Bank Limited has 3 billion rupees, Siddharth Bank Limited has 2 billion rupees and Krishi Bikas Bank Limited has 1.5 billion rupees. will invest .
Anup Acharya, Haribabu Neupane and Deepak Baral will invest towards the capital. The construction of the 22 MW Setikhola hydropower project has reached its final stage from this group. The
project had an electricity purchase and sale agreement with the Nepal Electricity Authority on November 1, 080. According to the company, the commercial production of electricity should be completed on May 22, 2086. The project's detailed project report (DPR), detailed engineering design and contract document preparation is in the final stage. environmental impact assessment report of
project It has been submitted to the Ministry of Environment for approval. The power generated from the project will be connected to Nepal Electricity Authority's Markichoke sub-station through a 220 kV single circuit transmission line from the house.
