सिंहदरबार संवाददाता
Kathmandu. Investment has been made in the Marsyangdi River semi-reservoir hydropower project led by Kumari Bank. An agreement has been signed to invest in a 90-megawatt hydropower project to be built by MA Power Pvt. Ltd. on the Marsyangdi River, which flows through Palungtar Municipality of Gorkha, Rainas Municipality of Lamjung District, and Bhanu Municipality of Tanahun District, under the leadership of the bank.
Investment Agreement In the presence of MA Power Pvt. Ltd. Chairman Anup Acharya and Kumari Bank Chief Executive Officer Ramchandra Khanal, a loan agreement was signed to construct the project with a joint investment of Rs 15.18 billion 75 million from various banks and financial institutions including Kumari Bank Limited, Prabhu Bank Limited, Siddhartha Bank Limited, Krishi Bikash Bank Limited.
The equity investment will be from Anup Acharya, Haribabu Neupane, and Deepak Baral. In addition, the company’s chairman said that Dolma Impact Fund has also increased the required MGBV to 49 percent equity investment in the company.
The same group is currently in the final stage of construction of the 22 MW Setikhola Hydropower Project through Setikhola Hydropower Limited.
The project’s power purchase agreement with the Nepal Electricity Authority was signed on Kartik 01, 2080 BS and the date to start commercial production is Baisakh 22, 2086 BS. The company chairman said that the environmental impact assessment report of the project has been submitted to the concerned body for approval.
The electricity generated from the project will be connected to the Nepal Electricity Authority’s Markichowk Sub-Station at 220/132 kV, a distance of 11.6 kilometers, through a 220 kV single circuit transmission line.
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