KATHMANDU: Domestic Chilime Hydropower Project has been granted the study licence of two hydropower projects with the capacity of 585 megawatt electricity in total.

The Department of Electricity Development, Ministry of Energy has given the study licence of 420-MW Budhigandaki Project and the Seti River III in Gorkha and Bajhang respectively.

At present, the company is working with the constructions of 11-MW Rasuwagadhi, 14.8 MW Upper Sanjen, 42-MW Sanjen and 102-MW mid-Bhotekoshi hydro electric projects and their construction would be completed by December next year.

The company's share value is high in the domestic stock market.

According to the Nepal Stock Exchange, Chilime's share value is Rs 798 per unit. The company said that it planned to commence its works with the new projects shortly after the Dashain festival.

As stated by the Department Director General, decision regarding the handover of study license of Budhigandaki was taken on September 11 and the license for Seti was granted on September 17, Department Director General Nabin Raj Singh.

The Budhigandaki is run-of-river type project while the Seti is partial reservoir-based project. The company plans to complete the study by two years.