Financial Closure of 25 MW Darbang Myagdi Hydroelectric Project; Sanima Bank led consortium to fund 70% of the project cost

Dhaulagiri Kalika Hydro Limited is going to develop “Darbang Myagdi Hydro electric Project - 25 MW” in the Darbang, Niskot, Babiyachaur Rural Municipalities of Myagdi district.

Loan Facility Agreement for the same was signed between the Developer Company and Consortium of Banks in the lead of Sanima Bank. Sanima, Prabhu, Kumari, Century, Mahalaxmi and Muktinath banks shall lend maximum seventy percent of total project cost. It will take three years to construct the project. The project will generate 150 million units of energy annually.