Financial closure for Sanibheri Hydropower Project

Summary

Financial closure has been achieved for the 44.52 MW Sanibheri Hydropower Project in Rukum Purba, with investment commitments from multiple Nepali banks led by Citizens Bank.

Key Points
  • Financial closure confirmed for the 44.52 MW Sanibheri Hydropower Project.
  • The project is developed by Expert Hydro Investment Company.
  • Multiple banks including Citizens Bank, Nabil Bank, Nepal Investment Mega Bank, Sanima Bank, and Siddhartha Bank agreed to invest a total of Rs 9.6 billion.
  • The project is located in Putha Uttarganga Rural Municipality, Rukum Purba, and will supply power through the Baphikot Substation under a PPA with the Nepal Electricity Authority.
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