Kathmandu. Green Ventures is buying shares of Kaligandaki Gorge Hydropower.
Green Ventures is buying 51 percent stake in Kaligandaki Gorge. The two companies have signed a share purchase agreement.
Kaligandaki Herz is developing and constructing the 180 MW peak run-of-the-river Kaligandaki Herj Hydropower Project on the Kaligandaki River in Myagdi and Mustang districts. The license for power generation of the project has already been obtained.
The co-financing group of various banks led by Laxmi Sunrise Bank has already completed the financial management work to invest in the project. The estimated cost of the project is Rs 39.5 billion.
The ratio of loan to self-capital to total cost will be 75:25. Green Ventures believes that the construction of this project will contribute significantly to the development of the country’s energy sector.
