Kathmandu. The financial management of the 22.50 MW Jaldigarh hydropower project to be built in Athabiscot Municipality of Rukum West has been completed. Investment worth 4.6 billion rupees has been collected for the project promoted by Shangrila Hydropower.

Under the leadership of National Commercial Bank, Nepal Bank Limited and Nepal Infrastructure Bank have signed an agreement to invest 3.36 billion rupees in loans through co-financing. The remaining 1 billion 237 million rupees of the total cost will be raised by the promoters through their own capital.

The agreement regarding financial management was signed by Shangrila Hydropower Chairman Khagendra Neupane and National Commercial Bank Chief Executive Officer Devendraraman Khanal.

During the agreement program, Chief Executive Officer of National Commercial Bank Khanal said that the biggest achievement would be to complete the hydropower project on time. Mentioning that there will be a direct relationship between time and cost, he opined that if the project is completed quickly, the confidence of banks, investors and the general public will increase.