Upper Myagdi Hydropower Project Reaches 50% Completion in 13 Months
Summary
The Upper Myagdi Hydropower Project in Dhawalagiri Rural Municipality has reached 50% physical completion within 13 months, aiming to generate electricity by Chaitra 2083 BS with a capacity increase to 46.25 MW.
Key Points
- The Upper Myagdi Hydropower Project has completed 50% physical progress in 13 months since construction began.
- The project capacity has been increased from 37 MW to 46.25 MW by raising the head and water flow without additional land acquisition.
- The estimated project cost is Rs 8.46 billion with 70% financed by bank loans and 30% equity, involving multiple banks including Siddhartha Bank.
- Electricity will be connected to the central grid via Nepal Electricity Authority's Dhandakhola substation with a 10 km transmission line under construction.
