Two commercial banks are set to invest a loan of Rs 981.7 million in the 6.84 megawatt capacity project being built by Panch Khapan Hydropower Pvt. Ltd.
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Investment has been secured for the Lower Hewakhola Hydropower Project. Two commercial banks are set to invest Rs 981.7 million in the 6.84 megawatt capacity project to be built by Panch Khapan Hydropower Pvt. Ltd.
Siddhartha Bank and Rastriya Banijya Bank are investing Rs 500 million and Rs 481.7 million respectively in the project. 70 percent of the total investment will be from loans and 30 percent from the promoter.
The total cost of the project is Rs 1.4 billion 25 million. According to the company's chairman, Basanta Kumar Tamang, the project will generate 40.82 gigawatt hours of energy annually. The electricity generated by the project will be connected to the central system through a 3.8-kilometer transmission line with a capacity of 33 kV.
The construction of the project, located in Panchthar district, has already begun and will be completed on time, according to the promoter company.
