KATHMANDU, March 29: China will provide financial assistant to construct Trishuli-Galchhi hydropower project. The project will be constructed with the investment of Dongfang Electric Corporation of Sichuan Province.
The MoU was signed between promoting company Siddhakali Power Limited Company and Dongfang Electric International Corporation on Thursday in the capital.
The construction of 75- Mw project is scheduled to begin from July-August and is expected to complete within 42 months. The total budget of the project, which will be constructed at the border of Dhading and Nuwakot, is estimated to be Rs 15.50 billion of which the Chinese company will invest Rs 9.83 billion whereas the local partner company will bear the rest of the expenses.
According to the MoU, the Chinese company will hand over the project after 2 years of operation.