NIC Asia Bank Invests Rs 95.20 Crores in Phalankhu Khola Hydropower Project
Summary
NIC Asia Bank is investing Rs 95.20 crores in the 7.29 MW Phalankhu Khola Hydroelectric Project in Rasuwa, supporting Nepal's clean energy and sustainable development goals.
Key Points
- NIC Asia Bank has signed an MoU to invest Rs 95.20 crores in the Phalankhu Khola Hydroelectric Project.
- The project is located in Naukunda Rural Municipality, Rasuwa and has a capacity of 7.29 MW.
- It is expected to generate approximately 38.74 GWh of electricity annually.
- The project aims to support Nepal's clean energy targets and sustainable energy development.
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