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
Emergency oil supply to ease energy market volatility
Kathmandu. The International Energy Agency has said that the member countries of Asia and Oceania region will immediately send oil from their emergency oil reserves to the market. It is said that such a step has been taken to reduce the instabilit...
Financial management of Tila 1 hydropower project led by NMB Bank
Kathmandu. NMB Bank Limited has successfully completed the financial management as the lead bank for the Tila 1 Hydropower Project located in Calikot district with a capacity of 440 MW according to the production permit. Promoted by SC Power Compa...
The NEPSE index increased by 79.74 points!
Kathmandu. On the first day of the new financial year, the NEPSE index, a measure of stock trading in the stock market, rose by a high. According to the Nepal Stock Exchange, the NEPSE index increased by 79.74 points to 2,677.54.
The sensiti...
The country's public debt exceeded 28 trillion, added 1 trillion 32 billion in 6 months
Kathmandu. Nepal's public debt has exceeded 28 trillion. At the beginning of the current fiscal year 2082,83, the total public debt was 26 trillion 74 billion 4 billion rupees, by the end of March, it increased by 1 trillion 32 billion 34 billion...
Re-operation after five months at Satighat of Arun river
Bhojpur. The Arun river ferry service at Satighat, which connects Bhojpur and Sankhuwasabha from the north, has resumed operation after six months. The ferry, which has been closed since last May due to rain, has been brought back into operation f...
DDC to Purchase More Than 60,000 Litres of Milk Daily from Small Farmers: Tripartite Agreement Signed
Kathmandu: A tripartite agreement has been signed between the National Cooperative Federation for Agriculture, Sana Kisan Bikas Laghubitta Bittiya Sanstha Ltd., and the Dairy Development Corporation (DDC) to purchase and sell more than 60,000 litr...



