Construction of 35 MW Balefi-A begins
November 14, 2016 10:35 AM
Kathmandu, Nov 14: Construction works of the 35 Mega Watt Balefi-A hydro electricity project have started. Huwaning Development Pvt Ltd aims to finish the project that would be constructed at around Rs 6.7 billion and is targeted to be completed by February 2018. Various four banks have already made an agreement under the initiatives of the Global IME Bank for the co-financing of the project, according to Umesh Kasaju, the Managing Director of the Huwaning Development Pvt Ltd. The power generated from the project would be linked to the Nepal Electricity Authority (NEA) through the 22-km transmission line, said Managing Director Kasaju. As per the agreement, the NEA would purchase the power from the investing companies at Rs 4.80 per unit during the rainy season while at Rs 8.4 during the winter, he added.