Financial Closure Achieved for Jaldigad Hydropower Project

Kathmandu. Financial closure has been completed for the 22.50 MW Jaldigad Hydropower Project to be constructed in Athbiskot Municipality of Rukum Paschim. An investment of Rs 4.60 billion has been secured for this project to be promoted by Sangrila Hydropower.Under the leadership of Rastriya Banijya Bank, Nepal Bank Limited and Nepal Infrastructure Bank (Nifra) will invest Rs 3.36 billion through co-financing in the project. Out of the total cost, the remaining Rs 1.23 billion and 71 million will be raised by the promoters through equity. The financial management agreement was signed by Khagendra Neupane, Chairman of Sangrila Hydropower, and Devenra...