On Thursday, EPF, SBI Bank and Nabil Bank signed an agreement on providing consortium loan to the project. In the agreement, Deepak Rauniyar, Officiating Administrator of EPF, Anukool Bhatnagar, CEO and Managing Director of Nepal SBI and Anil Keshari Shah, Acting CEO of Nabil Bank signed on behalf of their respective organization.
The project that is promoted by Betan Karnali Depositors Hydropower Company is developing Betan Karnali Hydropower Project in Chaukune Rural Municipality at Surkhet.
The overall cost of the project has been estimated at Rs 70 billion. Out of the total estimated investment, 30 percent amounting to Rs 21 billion will be of share capital whereas 70 percent amounting to Rs 49 billion loan investment.
The hydropower company has authorized capital of Rs 20 billion and issued capital of Rs 10 billion. The project has 40 percent share ownership of EPF depositors and 15 percent of EPF.
Similarly, NEA has 10 percent, Promoter Company has 10 percent and the general investors and locals of affected area have remaining 25 percent share ownership.
