NMB Bank has signed a loan agreement of Rs 1.24 arba to finance the construction of the 9 MW Khimti-Ghwang Small Hydropower Project.
Wonders Energy Private Limited and NMB Bank has signed a loan agreement of Rs 1.24 arba for the 9 megawatt Khimti-Ghwang Small Hydropower Project. This project is currently being built in Dolakha and Ramechhap districts.
The agreement paper was signed by Dinesh Dulal, who is the Head of Sustainable Energy Banking Department at NMB Bank, and Prakash Chandra Dulal, the Managing Director of Wonders Energy.
According to company, this project is being built on the Khimti-Ghwang river. This river flows through Jiri Municipality-1 of Dolakha and Gokulganga Rural Municipality-1 of Ramechhap. The company aims to complete the construction of project by Chaitra 2084.
Project Progress and Approvals
The government has already given permission to use government land and cut down trees on Cabinet meeting held on Baisakh 15. The company also shared that land buying, construction power setup, access roads, warehouses, and staff quarters are already completed. They have also signed contracts for civil, hydro-mechanical, and electro-mechanical works, and about 30 percent of the total work is already finished.
Financial Management of the Project
Prakash Chandra Dulal, the Managing Director, said that total cost of this project is Rs 1.80 arba. Out of this, Rs 1.24 arba is covered by the loan from NMB Bank. For the remaining Rs 56 crore, Rs 35 crore is already collected, and they are planning to manage the rest of the money by Ashwin.
He also added that this project is being built inside Gaurishankar Conservation Area. It will be the first hydropower project under construction in Nepal that follows the Hydro Select Tools, meaning it will meet all international social and environmental standards.
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.
