30MW Trishuli Galchi Hydropower to be constructed in EPC model; developer Siddhakali Hydropower Company to issue shares to general public

Thu, May 9, 2019 8:08 PM on Corporate, Featured,

Siddhakali Hydropower Company has signed an agreement with Chongqing Water Turbine Works Company Limited (CWTW) with its Head quarter at B Zone of Luohunag Industrial Park, Jianjin District, Chongqing, China  to construct Trishuli Galchi Project in (EPCF) Engineering Procurement and Construction model.

The MoU regarding the same was signed between chairman of Siddhakali Hydro Dr. Trilochan Upreti and Vice General Manager of CWTW Mr. Qiu Jiang Wei on Baisakh 22, 2076.

Under the agreement, CWTW will construct the hydro project with 90% of credit investment and the hydro project will need to make payment to the company within two years off completion of the project.

The project will be completed within 30 months of its initiation,as per the agreement. The 30 MW project which was downsized from earlier 75 MW will be connected to national power grid through 132 KV Marsyangdi-Kathmandu transmission line.