who are funding in the upper tamakoshi hydropower project
Answers
Answer:
to help them complete the project
Answer:
The Upper Tamakoshi hydroelectric power station is a 456MW run-of-the-river project under construction on the Tamakoshi River in the Dolakha District, approximately 200km away from Kathmandu, Nepal
Explanation:
The total construction cost of the project was estimated to be NPR35.29bn ($441m) in 2011. Loans were extended by Nepal’s Employees’ Provident Fund ($131.6m), Nepal Telecom ($78.97m), Citizen Investment Trust ($26.32m), and Rastriya Beema Sansthan (RBS, $26.32m) to finance the project.
The Government of Nepal committed to providing a loan of up to NPR11.08bn ($145.8m) for the project.
The project cost has been reportedly escalated by $41.8m due to the delay and disruption caused by the 2015 earthquake.