Completed the financial management of Jaldigarh hydropower project, collected 4 billion 60 crores

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.

Express

Related News

Narayanghat-Butwal road: All the bridges in the eastern section have been completed

Nawalparasi All the bridges on the eastern section of the Narayanghat-Butwal road section, which the government has taken forward as a national pride, have been completed. Narayanghat-Butwal Road Plan Eastern Section has informed that 33 out of 34...

Preparing to introduce monetary policy on July 1, the National Bank Act is being amended

Kathmandu. The government is going to announce the monetary policy from the next financial year on July 1. Necessary legal preparations have been made for that. This agreement was reached during the regular discussion on the bill made to amend the...

An increase of 39.92 points in NEPSE, turnover of 6 billion 28 crores

Kathmandu. On the first trading day of the week, NEPSE index increased by 39.92 points to 2600.22. During the day, 1 crore 33 lakh 81 thousand 926 shares of 334 companies were bought and sold, and over 6 billion...

Samling Power appoints SBI Merchant Banking as sales manager for rights issue

Kathmandu. Samling Power Company is going to issue rights shares. The company has appointed Nepal SBI Merchant Banking as the rightful share manager. The company has appointed SBI Merchant Banking as sales manager on 21st January.

The compan...

NAIMA's demand to make the rules of agency registration business-friendly, request to remove the provision of taking bond according to the model

Kathmandu. Nepal Automobile Importers and Manufacturers Association (NAIMA) has requested the government to make the existing rules regarding agency registration businessmen and entrepreneurs friendly.

A NAIMA delegation met Industry, Commer...

5 Construction companies and suppliers blacklisted, barred from participating in public procurement for 3 years

Kathmandu. The government has blacklisted five builders and suppliers who are slow and negligent in their work. The Public Procurement Monitoring Office under the Office of the Prime Minister and the Council of Ministers issued a notice on Tuesday...