Expert Hydro Investment has secured full financing for the 44.52 MW Sanibheri Hydropower Project in Rukum East, with investments led by Citizens Bank and supported by multiple banks.
Expert Hydro Investment Company has finalized the financial arrangements for its upcoming 44.52 MW Sanibheri Hydropower Project. The project will receive funding from multiple banks, led by Citizens Bank, with contributions from Nabil Bank, Nepal Investment Mega Bank, Sanima Bank, and Siddhartha Bank. Specifically, Citizens Bank will invest Rs. 2 arba 50 crore, Nabil Bank Rs. 1 arba 50 crore, Nepal Investment Mega Bank Rs. 1 arba 20 crore, and Sanima and Siddhartha Banks will contribute Rs. 1-1 arba each.
A bilateral agreement for the financing was signed on Monday by Santoshraj Nepal, Managing Director of Expert Hydro Investment, and Ganeshraj Pokharel, CEO of Citizens Bank. The total project cost is estimated at Rs. 9 arba 60 crore, with 25% equity and 75% debt financing.
The project will be constructed in Putha Uttarganga Rural Municipality-7 and 14, Rukum East, and is targeted for completion within 42 months. The run-of-river project will supply electricity to the Bafikot Substation and is expected to generate 283.37 GWh annually. Additionally, the project has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority on Asar 27, 2080.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
