Financial management for the 65-megawatt Dudhkola Hydropower Project, being built by a subsidiary of Mountain Energy Limited, has been successfully completed.
The 65 MW Dudhkola Hydropower Project, under construction in Manang through a subsidiary of Mountain Energy Limited, has finalized its financial arrangements. This important milestone was reach after an agreement was signed between the project promoter, Dudhkola Hydropower Company Pvt. Ltd., and the banks involved.
Banks Pledge Over 10 Arba Investment
As part of the financial agreement, NMB Bank, acting as the lead bank, will invest 6 arba 81 crore rupees. Sanima Bank, serving as the assistant bank, will contribute 3 arba 20 crore rupees to the project. Together, these two banks are set to invest a total of 10 arba 1 crore rupees.
The overall cost for the Dudhkola Hydropower Project is estimated to be 12 arba 89 crore rupees. The remaining funds required for project will be invested by the promoter company.
Attractive Project with Quick Completion Goal
The Dudhkola project is considered quite attractive because its per-megawatt cost is less than 20 crore rupees. With the financial management now complete, the company is making preparations to immediately begin construction work on the project. The company has set a target to start generating electricity within three years of construction begin.
Mountain Energy Limited has a track record of completing projects. They currently operates two hydropower projects: the 42 MW Mystry Khola Hydro and the 5 MW Tadi Khola Hydro, both of which are regularly producing electricity.
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.
