Financial Closure of Super Mai Hydroelectric Project (9.6 MW)

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Financial Closure of Super Mai Hydroelectric Project (9.6 MW)

A consortium of four commercial banks, led by Sanima Bank Limited and participating Banks i.e. Century Commercial Bank, NCC Bank and Jyoti Bikash Bank, has signed loan facility agreement for Rs.1.37 billion with Sagarmatha Jalabidhyut Co. Pvt. Ltd. for the construction of Super Mai A  Hydropower Project. The  project is located at Sulbung and Pyang VDC of Mechi District in Estern Development Region ,Nepal. It is a Run-of River type project with 186.96m net head and annual energy after outage is 56.467GWh.
Total cost of the project is estimated Rs.1.89 billion and out of total cost 25 percent i.e. NRs 45 crore will invest by developers and remainder amount is funded by consortium banks
The construction has been started from mangsir,2075 and it is estimated that the project will complete within two years. Many works like Surge Tank, Powerhouse , Desander  Basin,  Accesss Canal and  Gravel Trap are in undercostruction and other works already started.
The project is scheduled its commercial generation by the end of 2077 B.S. The company claimed that the project will  complete before agreement date with NEA.
Moreover ,the company has completed three hydropower projects with totalcapacity of 12MW.

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