Laxmi sunrise Bank singed agreement with Upper Seti Hydro to Construction of the 20 MW hydropower project
Kathmandu– Laxmi Sunrise Bank Ltd. has a facility agreement with Upper Seti Hydro Pvt. Ltd. to finance 20 Megawatts run-of-the-river Upper Seti Hydropower Project. The project is being constructed at Seti River of Kaski district with an estimated project cost of NPR 4.02 billion. This venture will play a crucial role in Nepal’s renewable energy landscape. Upper Seti Hydro had signed the Power Purchase Agreement with Nepal Electricity Authority on September 27, 2023, and subsequently, received the issuance of the Generation License from the Department of Electricity Development on January 31, 2022. The company is being promoted by KC...
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