Kimathanka Arun hydropower project will be built with indigenous capital, investment modality decided
Kathmandu. The investment modality has been decided to build the Kimathanka Arun semi-reservoir hydropower project with a capacity of 454 MW identified in Bhotkhola rural municipality-2 of Sankhuwasabha with indigenous capital. The estimated cost of the project, including interest for the construction period, is 97 billion 94 million rupees. 70 percent of the total cost will be raised from debt and 30 percent from equity.
Co-financing of HIDCL, Employees' Provident Fund, Citizen Investment Fund, Social Security Fund, Insurance Companies and Banks has been proposed for debt management. The equity amount will be collected from founders, non-resident Nepalis, project-affected locals and general public through share issuance.
It is estimated that about 2 billion 69 million units of electricity will be generated annually from the project and the income will be about 16 billion 91 million rupees.
Express
Related News
Foreign Currency Exchange Rates: The value of the Euro and Pound fluctuates with the US Dollar
Kathmandu. According to the foreign currency exchange rate determined by Nepal Rastra Bank for today, the buying rate of one US dollar has remained at 150 rupees 88 paise and the selling rate has been maintained at 151 rupees 48 paise. While the b...
Nepal Rastra Bank is collecting one trillion deposits today, and the interest rate will be decided by negotiation
Kathmandu. Nepal Rastra Bank is going to collect deposits worth one trillion rupees today to manage excessive liquidity in the financial system. The Monetary Management Department of the Central Bank has issued a notification calling for the colle...
What is the foreign currency exchange rate for dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the information released by the Central Bank, today the buying rate of one US dollar has remained at 152 rupees 32 paisa and the sel...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 144 rupees 37 paisa and the selling rate is 144 rup...
The IPO of Suryakund Hydro Electric will be distributed on Tuesday
Kathmandu. The IPO issued by Suryakunda Hydro Electric Limited for Nepalis working abroad will be distributed on Tuesday. Sales Manager Kumari Capital has informed that a program for allotment of shares has been scheduled at the capital's office a...
The price of gold and silver decreased, how much is the transaction per tola?
Kathmandu. Today, the price of gold and silver in the local market has fallen somewhat. Compared to Thursday, the price of both has decreased. According to the Federation of Nepal Gold and Silver Traders, today the price of one tola of gold is Rs...



