NIBL Equity Partners invests Rs 150 million in hydropower project
Summary
NIBL Equity Partners has invested Rs 150 million in Gurkhas Himalayan Hydro Limited to support the 5.875 MW Upper Junbesi Khola Hydropower Project in Solukhumbu, aiming at clean energy development and local economic growth.
Key Points
- NIBL Equity Partners invested Rs 150 million in Gurkhas Himalayan Hydro Limited for the Upper Junbesi Khola Hydropower Project.
- The project is a 5.875 MW peaking run-of-river scheme located in Solududhkunda Municipality, Solukhumbu.
- The project is expected to generate approximately 35.43 GWh annually and sell electricity to Nepal Electricity Authority through a 33 kV transmission line.
- Construction is 75% complete with commercial operation targeted for August 2027.
