However, the official announcement will be made only in March, when the government of Japan unveils its annual budget, he said. “For financial arrangement we will have to wait till March,” Lacoul added.
The government of Japan was also involved in preparing a detailed feasibility study of the project. Currently, the Nepal Electricity Authority holds the project’s survey license. This project will be built in storage-type model.
All the hydroelectric projects in Nepal, except Kulekhani, are run-of-the-river projects. Therefore, Nepal has been facing load-shedding crisis every year during the dry season. Run-of-the-river projects generate less power during dry seasons owing to receding water levels in the rivers. In such development projects, the government of Japan provides financial support as loan to the government of Nepal ,and later that is converted into grant amount.
“Most probably the same provision will be applied in this project as well,” a senior official at the ministry said.
thira@myrepublica.com
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