Financial closure of Sanjen Hydropower

Jun 16, 2019 Merolagani

Under the headship of Nepal Investment Bank, Kumari Bank and Citizens Bank are co-financing 78MW Sanjen Khola Hydropower Project.

A memorandum of understanding (MoU) regarding the credit facilities was signed by three commercial banks and representative of Sanjen Hydropower on Friday, June 14.

The project based on 'Run of River' is being developed in Sanjen Khola at Rasuwa District by Salasungi Power Ltd promoted by China Harbor Engineering Company.

The estimated total cost of the project is Rs 1302 billion, out of which, 92 percent will be financed by China Harbor Engineering Company while 8 percent will be financed by Nepalis partners.

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