Puwa Khola -1 Hydro Power Completes Project Financing for Puwa Khola 1 Small Hydropower Plant in Nepal

Published: Oct 11 2017
Deal Summary

Puwa Khola -1 Hydro Power Pvt. Ltd, owner of the hydro power plant, has completed project financing for the construction and development of for Puwa Khola 1 small hydro power plant situated in Nepal. The financing was provided by Siddhartha Bank Ltd and Citizens Financial Group, Inc. The total installed capacity of the plant is 4 MW. The total cost of the project is USD11 million. The investment per MW will be USD2.7 million.

The project is located on the bank of the Puwakhola River located between Ilam municipality and Deumai municipality of Ilam district. The project also includes a 6.5 km long transmission line which will deliver electricity produced to Nepal’s national grid at Godak substation. The construction of the plant is completed and has begun commercial operations.

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