Agreement for loans for hydel signed

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    Kathmandu, May 27:

    Project-Loan-Agreement

    The Garjang Valley Hydro Power Ltd. has  signed agreement for loans today for the Chakekhola Small Hydro Electricity Project.

    The 2.83 mw project will need Rs. 470 million. Company Secretary Suraj Dhungel said  Clean Energy, Janata and Yeti Development Banks will provide the loans.

    The project located at Chuchure VDC in Ramechhap district is aimed at completing within April, 2015.  The power generated by the project will be connected to the Jiri Substation of Nepal Electricity Authority (NEA).

    Source : The Rising Nepal