Kathmandu. The financial resources required for the 21.3 MW Khola Khola Hydropower Project, which is about to start construction with private sector investment in Nepal, have been mobilized. The hydropower project being developed by Samyukta Energy Pvt. Ltd. with the main investment of eminent businessmen, personalities and NRNs will be constructed on a big river in Raghuganga village of Myagdi district.

A Syndicated Credit Facilities Agreement (SCFA) has been agreed to invest more than Rs 2.52 billion in the project costing Rs 3.60 billion by a consortium led by Nepal Bank Limited with the participation of four different banks and financial institutions.

On behalf of the debtor in the agreement, the chairman of United Energy Pvt. Badri K.C. And on behalf of the banks of Nepal Bank Ltd. Deputy Chief Executive Officer Samata Pant had handed over to each other in the middle of the ceremony. . The event was attended by the Deputy Chief Executive Officers and other high level officials of all the banks and financial institutions.

Rs. 751.2 million was provided by Nepal Bank, Rs. 660 million by Rastriya Banijya Bank and Rs. The company has provided Rs 640 million and Sunrise Bank has provided Rs 470 million for a total of Rs 2.52 billion.

Nepal Bank Ltd. Deputy Chief Executive Officer Samata Panta said that Nepali banks, including state-owned banks, have reached a proper conclusion after conducting a comprehensive analysis of various aspects including financial, technical and risk of the project. She said the decision to invest in the project would be a wise use of the depositor's money.