Nepal | September 22, 2020

SNHP investment deal inked

Himalayan News Service
Share Now:

Lamjung, April 14

A consortium of six banks led by NMB Bank have agreed to invest 5.25 billion rupees in the under construction 40.27MW Super Nyadi Hydropower Project being developed in Lamjung’s Marshyangdi Rural Municipality.

Of the total investment of seven billion rupees, banks’ loan will account for 75 per cent. The remaining will be invested by the promoter company.

The plant will harness the water of Ngalikhola flowing between Marshyangdi, Ward number-6, Bahundanda and Ward number-7, Bhulbhule. Besides the NMB Bank, other banks investing in the project are Prabhu Bank, Mega Bank, Century Bank, NCC Bank and Kumari Bank.

According to the promoter company Siuri Nyadi Power Limited Chairperson Shailendra, Nyadi Group Power Limited would hold majority stake in the project.

Guragain said the project will produce 235.46gw power per hour. “The generated electricity will be linked to the 132kv substation in Khudi Tarikuna, Marshyangdi Rural Municipality-3,” he said, adding the project will be completed within three-and-a-half years.

Earlier, Nepal Electricity Authority and the project had signed a Power Purchase Agreement about a year ago, as per which the NEA will purchase the power generated from the project at Rs 8.40 rupees and Rs 4.80 rupees per unit during the dry and rainy seasons respectively.

 


A version of this article appears in print on April 15, 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...

A magnificent view of Kathmandu as captured from Swayambhu on Monday, May 9, 2016. Photo: RSS

674 more infections logged in Kathmandu valley, amounts to over 58pc of total new cases

KATHMANDU: Kathmandu valley on Monday logged 674 new cases of coronavirus infection. As per the Health Ministry's latest report, of the total cases, the capital recorded 538 cases while 62 new infections surfaced in Lalitpur. Meanwhile, the number of active infections have been increasing stea 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...