Nepal | September 22, 2020

42.9MW AKHP achieves financial closure

Himalayan News Service
Share Now:

Kathmandu, January 2

The financial closure of the 42.9-megawatt Aankhu Khola Hydropower Project (AKHP) concluded today, paving the way for developer to go ahead with project construction.

A consortium of eight financial institutions, under the leadership of Sunrise Bank, has committed Rs 4.7 billion for the project, which has total financing requirement of Rs 6.3 billion.

Along with Sunrise Bank, Hydropower Investment and Development Company, Bank of Kathmandu, Century Commercial Bank, Jyoti Bikas Bank, Laxmi Bank, NCC Bank and Prabhu Bank have joined hands in consortium financing.

In this regard, an agreement was signed between Gyanendra Lal Pradhan, chairman of Hydrosolutions Pvt Ltd — developer of the project — and Ratna Raj Bajracharya, CEO of Sunrise Bank, here today.

Located in Dhading district, AKHP is a run-of-the-river project with rated capacity of 42.9 megawatts. The project is expected to be completed within four years after construction begins. The project will have five km headrace tunnel. The electricity generated from the project will be connected to Nepal Electricity Authority substation of Trishuli 3B project.

The developer has so far developed the 20-megawatt Modi hydropower as well as small hydropower projects like Charnawati and Khudi.


A version of this article appears in print on January 03, 2018 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Photo Gallery: Rohingya refugees receive relief in Kapan amid COVID-19 crisis

KATHMANDU, SEPTEMBER 21 Hiteri Foundation provided food relief packages to long-persecuted Rohingya Muslim refugees here in Kapan on Sunday, September 20. More than 175 families are taking shelter in Kapan after entering Nepal following a mass exodus from their native Myanamar. Also seen in pi Read More...

In Pictures: Lalitpur school provides internet facility to students sans access

Lalitpur, September 21 Teachers take online classes with internet facility provided by school at the empty classroom of Shree Rudrayanee Secondary School in Khokana, Lalitpur on Monday, September 21, 2020. The School has facilitated internet access to those students who cannot avail the same at h Read More...

Nepal COVID-19 Update: 1154 new cases, 1005 recoveries, 16 fatalities logged Monday

KATHMANDU: Nepal’s Health Ministry, in its regular press briefing, shared the latest updates on coronavirus contagion from across the country, and government’s response to the health crisis. Read Also: 674 more infections logged in Kathmandu valley, amounts to over 58pc of total new cases Read More...

Indian filmmaker Anurag Kashyap to pursue legal route against sexual misconduct allegations, actress Payal Ghosh to file FIR

KATHMANDU: Bollywood filmmaker Anurag Kashyap, who has been accused of sexual misconduct by budding actress Payal Ghosh, said he intends to pursue legal action while the actress has said she will file an FIR against him. Issuing a statement through his lawyer, Kashyap also said it was sad that a Read More...

Indian actress Richa Chadha initiates legal action after Payal Ghosh drags her name in #MeToo case against Anurag Kashyap

KATHMANDU: Bollywood actress Richa Chadha has revealed that she has initiated legal action against after her name was dragged in a defamatory in #MeToo case against filmmaker Anurag Kashyap by actress Payal Ghosh. In a video released to ABN Telugu, Ghosh claimed that Kashyap tried to harass her i Read More...

American actress Mindy Kaling finds Deepika Padukone, Sonam Kapoor talented, wants to work with them

KATHMANDU: Indian origin American actress Mindy Kaling wants to work with Bollywood actresses Deepika Padukone and Sonam Kapoor as she finds them talented. "I would love to work with Sonam Kapoor or Deepika Padukone. They're both so talented," Mindy was quoted as saying Read More...

Manchester City _Ilkay Gundogan

Man City's Gundogan tests positive for COVID-19

LONDON: Manchester City midfielder Ilkay Gundogan has tested positive for COVID-19, the Premier League club said on Monday, making him the third player in the squad to return a positive test in recent weeks. City winger Riyad Mahrez and defender Aymeric Laporte previously tested positive for the Read More...

Djokovic to face Schwartzman in Italian Open final

ROME: Novak Djokovic was made to work hard by Casper Ruud in blustery conditions before the world number one got past the unseeded Norwegian 7-5 6-3 on Sunday to reach the Italian Open final. The Serbian had to save two set points in the first set before finding his groove to reach his 10th title Read More...