We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
An agreement has been reached to invest in the 90 MW Marsyangdi River Hydropower Project under the leadership of Kumari Bank.
According to the agreement reached on Friday, investment will be made in the semi-reservoir project to be constructed by MA Power Pvt Ltd on the Marsyangdi River flowing through Gorkha Palungtar Municipality, Lamjung Rainas Municipality and Tanahun Bhanu Municipality. In the presence of
company president Anup Acharya and the bank's chief executive officer Ramchandra Khanal, a loan agreement was signed for the construction of the project with the joint investment of 15 billion 18 billion 75 million rupees by banks and financial institutions including Kumari Bank, Prabhu Bank, Siddharth Bank, Krishi Bikas Bank. The
project has already signed an electricity purchase-sale agreement with the Nepal Electricity Authority on October 1, 2080. The production start date is 22 Baisakh 2086. The electricity produced by the project will be connected to 220/132 KV at Markichoke sub-station of the authority at a distance of 11.6 km from the power house through a 220 KV single circuit transmission line.
