💡 Rs 4.85 Billion Financing Secured for Upper Mewa Khola Hydropower Project

Kathmandu – In a significant development for Nepal's hydropower sector, an agreement has been signed for the financial management of the 31.92 MW Upper Mewa Khola Hydropower Project, to be constructed in Taplejung district.

The agreement was formalized between the project’s promoter, Saurya Holding Pvt. Ltd., and Global IME Bank Limited, which is leading a banking consortium that includes Lakshmi Sunrise Bank.

🤝 Consortium Financing Details

Under the agreement, the Global IME–led consortium will invest Rs 4.857 billion, covering 75% of the project’s estimated cost of Rs 6.37 billion. The remaining 25% will be equity investment, managed by Saurya Holding Pvt. Ltd. through the issuance of rights shares.

The agreement was signed by:

• Kalyan Bikram Pande, Chief Business Officer, Global IME Bank

• Manish Raj Kunwar, Chief Business Officer, Lakshmi Sunrise Bank

• Mohan Bikram Karki, Managing Director, Saurya Holding Pvt. Ltd.

The signing ceremony took place in the presence of Surendra Raj Regmi, CEO of Global IME Bank, who expressed confidence in the project’s timely execution.

“This project will not only boost domestic energy generation but also contribute to energy exports, ultimately supporting national economic growth,” Regmi stated.

🔧 Project Snapshot

• 📍 Location: Upper Mewa River, Taplejung District

• ⚡ Installed Capacity: 31.92 MW

• 🏗 Estimated Total Cost: Rs 6.37 billion

• 💰 Financing Structure:

  • 75% debt (Rs 4.857 billion)

  • 25% equity (via rights share issue)

• ⏳ Completion Timeline: Within 3 years from construction start

The Upper Mewa Khola project is part of Nepal's broader strategy to harness its vast hydropower potential in the eastern Himalayas, helping to strengthen grid reliability, reduce import dependency, and create long-term energy export opportunities.

📸 Images & Content Courtesy: 
📰 Source: UrjaSanchar.com