Machhapuchchhre Bank-Led Consortium Provides Rs 9 Arba Loan for 63 MW Chhujung Khola Project
Summary
Machhapuchchhre Bank-led consortium has committed Rs 9 arba in financing for the 63 MW Chhujung Khola Semi-Reservoir Hydropower Project in Sankhuwasabha. The project, developed by Shangrila Urja Limited, has already secured a power purchase agreement with Nepal Electricity Authority and is expected to generate 37.18 lakh units of electricity annually.
Key Points
- A consortium led by Machhapuchchhre Bank has agreed to finance Rs 9 arba for the 63 MW Chhujung Khola Semi-Reservoir Hydropower Project.
- The project is being developed by Shangrila Urja Limited in Bhotkhola Rural Municipality-2, Sankhuwasabha, with a total estimated cost of Rs 12 arba.
- It has already signed a power purchase agreement with Nepal Electricity Authority and is expected to produce about 37.18 lakh units of electricity a year.
- Shangrila Urja has completed access road and camp construction, tree clearance, and plantation-related payments to the Department of Forests and Soil Conservation.
