Kathmandu: Electricity generated from the 10 MW Siddhi Khola Hydropower Project, completed in Ilam, has been connected to the national transmission line. The project, developed by Siddhi Hydro Power Company, has now been integrated into the national power system.
According to the company, the electricity produced from the project—built on the Siddhi Khola river flowing along the boundary of Suryodaya Municipality and Rong Rural Municipality—has been connected to the national grid through a substation constructed in Lasune.
The company stated that test production is currently underway. Banks have financed 75 percent of the total investment, amounting to Rs 1.39 billion as loans. Construction of the project began in February/March 2024, and was completed in about two years.
The project has been financed solely by Citizens International Bank Limited, with a per-megawatt cost of approximately Rs 210 million.
The project is expected to generate 7.805 GWh of electricity during the dry season and 46.911 GWh during the monsoon season.
The company is also preparing to issue shares to the general public. The proposal to launch an Initial Public Offering (IPO) was approved during its third Annual General Meeting held on February 6.
Slesha Engineering Consultancy played a key role as the consultant for detailed engineering design and construction supervision, contributing significantly to the successful completion and operation of the project.