Kabeli-A hydel project gains momentumDevelopment of the much awaited 37.6 MW Kabeli-A Hydropower Project has gained momentum after it successfully received first disbursement of loan from the World Bank.
Development of the much awaited 37.6 MW Kabeli-A Hydropower Project has gained momentum after it successfully received first disbursement of loan from the World Bank. The contractor of the project reached the site and deployed the workforce to begin the construction. Although, the foundation stone for the construction of the project was laid on March, the contractor was mobilised to the site recently.
“Now the construction work of the project will began in war footing with an aim to completing it on 2020,” said Sher Singh Bhat, CEO of Butwal Power Company, one of the major promoters of Kabeli Energy Limited the developer of the project.
This project is being developed under a new model where both the World Bank and the International Finance Corporation are financing a private hydropower project in Nepal. Similarly, Singapore based company InfraCo Asia is also investing in the project through Gurans Energy Limited. The project site is located at the border of Taplejung and Panchthar districts.
After completion, the project will generate 205 gigawatt hours of electricity annually which will be purchased by Nepal Electricity Authority, the state owned power utility of the country.