Private sector-led 341 MW Budhigandaki project to be Nepal’s largest to date
Nepal’s largest-ever privately-led hydropower project, the 341 MW Budhigandaki Hydropower Project, has successfully secured a total investment of Rs. 70 arba.
A consortium of 10 banks and financial institutions, led by Nepal Investment Mega Bank, including Nabil Bank, Laxmi Sunrise Bank, and Global IME Bank, will provide debt financing for the project. Of the total project cost, 75% (Rs. 52.50 arba) will be financed through debt, while the remaining 25% (Rs. 17.50 arba) will be funded through equity.
The equity investment will be led by Sahas Urja, promoted by Times Energy. The Budhigandaki project will be built in the Chum Nubri and Dharche rural municipalities of Gorkha district and will operate under a partial reservoir-based peaking run-of-river (P-RoR) system.
A reservoir will be constructed to enable five hours of daily power generation, and the project will feature an underground powerhouse equipped with six Pelton turbines, each with a capacity of 57 MW.
Project Timeline and Capacity
The company has set a target to commence commercial power generation from Poush 15, 2087 B.S. Upon completion, the project is expected to produce 1,867 GWh of electricity annually.
The generated power will be transmitted via a 45-kilometer-long, 220 kV transmission line to connect to the Ratmate substation.
This project is poised to become the largest hydropower development by Nepal’s private sector, marking a major milestone in the country’s energy infrastructure and self-sufficiency efforts.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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