KATHMANDU, Sept 26: Domestic Chilime Hydropower Project has been granted the study license of two hydropower projects with the capacity of 585-megawatt electricity in total.
The Department of Electricity Development, Ministry of Energy has given the study license of 420-MW Budhigandaki Project (of which project site is based in Gorkha district) and the Seti River III. It project site lies in Bajhang.
Presently, the company is working with the construction of 11-MW Rasuwagadhi, 14.8 MW Upper Sanjen, 42-MW Sanjen and 102-MW mid-Bhotekoshi hydroelectric projects and their construction will be completed by December 2018.
The company's share value is high in the domestic stock market. According to the Nepal Stock Exchange, Chilime's share value is Rs 798 per unit. The company said that it planned to commence its works with the new projects shortly after the Dashain festival.
As stated by Department Director-General Nabin Raj Singh, decision regarding the handover of study license of Budhigandaki was taken on September 11 and the license for Seti was granted on September 17. The Budhigandaki is run-of-river type project while the Seti is partial reservoir-based project. The company plans to complete the study by two years. RSS