Kathmandu, February 23: NMB Bank has successfully executed the financial closure of its Chepe Khola Small Hydropower Project having an installed capacity of 8.63 MW.
The project, which is being developed by Aashutosh Energy Pvt. Ltd, is located at Dudh Pokhari Rural Municipality of Lamjung District and Ajirkot Rural Municipality of Gorkha District.
Its total cost stands at Rs 1.5 billion, out of which Rs 1.125 billion shall be financed by the bank.
With the financial closure of the Chepe Khola Small Hydropower Project, NMB now boasts of a total of 40 projects in its hydro portfolio.
Though the Required Commercial Operation Date (RCOD) agreed with Nepal Electricity Authority (NEA) is February 2022, the developer aims to commission the project by November 2021. The power generated from the project shall be evacuated from the Kirtipur substation at Lamjung.
