News Article

HIDCL greenlights Rs 13 billion loan for hydropower ventures

By Republica

Published: August 26, 2023 05:00 PM

KATHMANDU, Aug 26: Hydro Electricity Investment and Development Company Limited (HIDCL) has greenlit a substantial loan of Rs 13 billion, destined to fuel the growth of four hydropower projects spanning both private and public sectors.

The allocation includes a Rs 4 billion loan for the Upper Tamor hydropower project, another Rs 4 billion for the Jagdulla semi-reservoir hydropower project, followed by Rs 2 billion for the Sanima Jum hydropower project. Additionally, the Upper Modi A hydropower project will benefit from a Rs 3 billion loan.

HIDCL has already invested a total of Rs 21.21 billion across 19 projects in both private and public spheres, contributing to a cumulative capacity of 1,467 MW.

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