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
The panic of bananas in the Nepali market, with the shortage, a huge increase in prices
Kathmandu. There is currently an extreme shortage of bananas in the Nepali market. Such a situation has been created in the market after the businessmen themselves boycotted the bananas coming in illegally through the Indian border. Traders have b...
Rastra Bank will provide 42 billion to the government
Kathmandu. Nepal Rastra Bank's assets and liabilities have reached 26,239,540,000. According to the report of the financial year 2081-82, the financial position of the end of June 2082 has increased by 29.23 percent. A...
Petrol and diesel prices stable
Kathmandu. Nepal Oil Corporation has decided to continue the retail sale price of petroleum products. Despite receiving the new purchase price from Indian Oil Corporation (IOC), the Board of Directors' meeting held on Monday decided not to change...
NEPSE decreased by 9 points, the share price of 179 companies decreased as the market was volatile
Kathmandu. On Monday, the stock market index NEPSE fell by 9.04 points to 2641 points. With this, the market fell for the third day in a row. 3 billion 66 million rupees were traded today. While the price of 82 companies increased, the price of 17...
'Dedicated' and 'trunk line' tariff dispute: Commission's decision not to meet the demands of industrialists
Kathmandu. The Electricity Regulatory Commission has decided not to accept the demands of industrialists regarding the dedicated and trunk line tariff dispute. On Sunday, the commission decided not to submit the demand while hearing the case of Pa...
Huge price hike in petroleum products
Kathmandu. Nepal Oil Corporation has increased the price of petroleum products. The corporation has informed that the prices of diesel, kerosene and jet fuel have been increased internally with effect from today. According to the new price list, d...



