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Rastriya Banijya Bank to invest in Budhigandaki Hydropower, Chairman Neupane and CEO Khanal signed on behalf of the promoter company
Kathmandu (JAS)-A loan agreement has been signed for Rastriya Banijya Bank Limited to invest in the 4.6 MW Super Machha Khola Hydropower Project to be constructed in Laprak, Dharche Rural Municipality-4, Gorkha district. The investment agreement for the project was signed on Thursday by Chairman Khagendra Neupane on behalf of Budhigandaki Hydropower Pvt. Ltd. and Chief Executive Officer Devendra Raman Khanal on behalf of the bank. The project, estimated to cost a total of Rs 963.83 million, will have 70 percent loan and 30 percent equity investment. According to the promoter company, Rastriya Banijya Bank Limited will invest Rs 674.68 million towards the loan investment, while the remaining Rs 289.15 million will be equity investment. The project will generate 27.379 gigawatt-hours of electricity annually. 18621 gigawatt hours of electricity will be generated in the rainy season and 8.75 gigawatt hours in the winter. An experienced group including the company's chairman Khagendra N...
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