Asian Infrastructure Investment Bank to invest Rs 10 Bn in Upper Trishuli 1

Jun 11, 2019 Merolagani

Asian Infrastructure Investment Bank, the China-backed institution has approved loan of USD 90 million i.e. Rs 10 billion to develop 216 MW Upper Trishuli 1 hydropower project. This is the first loan of AIIB to Nepal.

The 216MW Upper Trishuli 1 Hydropower Project is being developed under build-own-operate-transfer model. The project is partially funded by International Finance Corporation and Asian Development Bank as well.

The project is promoted by Korean company Nepal Water and Energy Development Company. The company has already made PPA with Nepal Electricity Authority in USD. According to the agreement, NEA will purchase the electricity at Rs 8.40 per unit in dry season and at Rs 4.80 per unit in rainy season.

 


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Multipurpose Finance Reschedules Book Close and AGM Date

Sep 20, 2019 12:46 PM

Multipurpose Finance has rescheduled its 20th and 21st AGM date which was scheduled for September 21.