Financial Closure Secured for 44.52 MW Sanibheri Hydropower Project in Rukum Purba

Summary

Financial closure has been secured for the 44.52 MW Sanibheri Hydropower Project in Rukum Purba, funded by a consortium of leading Nepalese banks led by Citizens Bank.

Key Points
  • Financial closure secured for the 44.52 MW Sanibheri Hydropower Project in Rukum Purba.
  • The project is funded by a consortium led by Citizens Bank, with contributions from Nabil Bank, Nepal Investment Mega Bank, Sanima Bank, and Siddhartha Bank.
  • The project cost is estimated at Rs 9.6 billion and is expected to be completed within 42 months.
  • The Nepal Electricity Authority has signed a power purchase agreement ensuring a stable electricity market for the project.
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