Kathmandu, Mar. 2
Blue Energy Pvt.
Ltd. has concluded a financial closure agreement with the consortium of six
banks led by Nepal Investment Bank Limited for the debt funding of Super
Trishuli Hydropower Project.
Partners of the consortium are Kumari Bank Ltd., Global IME Bank, as co-lead
banks and Everest Bank, Himalayan Bank, Nepal SBI Bank and Nabil Bank.
The agreement for
the 100 megawatt run of the river project located in Gandaki Rural Municipality
of Gorkha and Ichchhakamana Rural Municipality of Chitwan districts was signed
last week.
"The project envisages a low head, high discharge dam toe powerhouse
type of scheme without any tunnel, surge tank, etc.
“The barrage of the project is founded on rock," said the company in
a statement on Monday.
The project will
produce annual energy of 498 GWh with design discharge of 725 m3/sec. Three
bulb type turbines will be installed in the power house of the project.
The project is
owned by Saraf Enterprise which has experience of developing projects in Nepal
and India including Hyatt Regency, Kathmandu and Yak and Yeti Hotel in
Kathmandu and 12 major star hotels across India.
The group has also developed
and commissioned Upper Solu HEP (23.5 MW) recently in partnership with ICTC.
According to the
company, total project cost including
IDC is Rs. 16.24 billon out of which loan amount is Rs. 12.18 billion with
equity injection by the developer amounting to Rs. 4.06 billion. The
construction cost per MW is expected to be around Rs. 162 million.
It said that the project would be completed in four years.
Published in The Rising Nepal daily on 3 March 2021.
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