Nepal, Aug. 6 -- The 341 MW Budhigandaki Hydropower Project, Nepal's largest-ever hydropower project to be built by the domestic private sector, has secured financial closure.
Ten banks and financial institutions have agreed to invest Rs 70 billion for the construction of this semi-reservoir-type project. Nepal Investment Mega Bank is leading the consortium, with Nabil Bank, Laxmi Sunrise Bank, and Global IME Bank as co-lead banks. Six other banks and the Hydroelectricity Investment and Development Company Limited (HIDCL) are also part of the investment group.
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According to Sushil Thapa, one of the investors, the total estimated cost of the project is Rs 70...
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