Investments have been made in the 4.6 MW Super Machakhola hydropower project to be built in Gorkha. An agreement was signed on Thursday between Nepal National Commercial Bank and Budhigandaki Hydropower Company to invest in the project. The agreement was signed by the company's chairman, Khagendra Neupane, and the bank's CEO, Devendraraman Khanal.

70 percent loan and 30 percent equity will be invested in the project estimated to cost 963.83 million rupees. According to the promoter company, the National Commercial Bank will invest 674.6 million 80 thousand rupees towards loan investment. The remaining 28 crore 91 lakh 50 thousand rupees will be equity investment. Khanal said that the bank is investing in small and large hydropower projects. 

'We are investing in the second project of the Budhigandaki company,' he said, 'like the first project, we hope that it will be completed before time.' "The project will help there from road infrastructure to tourism promotion," he said, "the company will also issue shares soon."

According to Neupane, the president of the company, the first project of Budhigandaki was completed 6 months ago. "Earlier there was no knowledge about the construction of hydropower projects, now we know about everything from penstock pipes," he said, "now we have gained experience about hydropower." The

project will produce 27.379 gigawatt hours of electricity annually. 18.621 GWh of electricity will be generated in rainy season and 8.75 GWh in winter. A group including company chairman Neupane, managing director Krishna Ghimire and director Saroj Dhital are going to build the project. This group has constructed and put into operation the 4.55 MW Vikas Hydropower hydropower project 6 months ahead of the scheduled period.