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

National Life Insurance's three-day 'Employee Skill Enhancement Program' completed in Pokhara

Pokhara. National Life Insurance Company Limited has completed a three-day Employee Skill Enhancement Program in Pokhara with the objective of enhancing the skills, efficiency and technical capabilities of its employees. About 280 employees from b...

Cancel the contract of the builder who does not work on time

Kathmandu. The Khajura rural municipality of Banke has canceled the contract of the builder who did not complete the project on time. Dil Bahadur Paudel, Chief Administrative Officer of Khajura Rural Municipality, informed that the progress of the...

Himali Hydro Fund convened a general meeting to pass the IPO proposal

Kathmandu. Himali Hydro Fund Limited is going to issue an IPO. The company has called the fourth general meeting to pass the IPO issue proposal. The meeting of the company will start from 10 am at the registered office of the company in Kathmandu...

With the new financial year, the burden of taxes was added: From today, these seven sectors will become more expensive for consumers

Kathmandu. The government is going to implement new taxes and additional charges on various goods and services from the beginning of the new financial year i.e. from 1st July. With the aim of strengthening internal revenue collection and raising f...