Vision Lumbini Urja Limited has decided to invest Rs 15 crore in Shrestha Energy Solutions for the development of Upper Seti-1 Hydropower Project.
Vision Lumbini Urja Limited is going to invest Rs 15 crore in Shrestha Energy Solutions Private Limited. The board of directors of the company had a meeting on Asar 28 where they decided to investing this amount for the construction and development of Upper Seti-1 Hydropower Project.
Upper Seti-1 to be Developed as Cascade Project
The Upper Seti-1 Hydropower Project has a capacity of 13 megawatt. Before this decision, Vision Lumbini Urja already gave a theoretical agreement to build this project as cascade project of its own 25 megawatt Seti Nadi Hydropower Project.
Because of that previous agreement, Upper Seti-1 project can use necessary infrastructure and facilities of Vision Lumbini. In exchange for allowing them to use these facilities, Vision Lumbini Urja had received Rs 15 crore from Shrestha Energy Solutions. Now, the company has decided to put this money back into Shrestha Energy Solutions as an investment.
Click here to view the official screenshot of the announcement.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
