Financial Management for 128 MW Tamor-Mewa Hydroelectric Project Completed
October 12, 2025 | Investopaper
A consortium of leading banks has finalized a financial management agreement to provide loan financing for the development of a 128-megawatt hydropower plant harnessing the waters of the Tamor River and Mewakhola stream.
Siddhartha Bank is leading the financing consortium, with Machhapuchhre Bank serving as co-lead, while other participants include Agricultural Development Bank, Nepal SBI Bank, Jyoti Bikas Bank, ICFC Finance, Nepal Finance, and Goodwill Finance. The agreement, signed on Ashwin 23, 2082 BS (October 9, 2025), commits the banks to providing 75 percent of the project’s estimated Rs. 23 billion cost through loans, with the remaining 25 percent to be covered by the project’s promoters.
The signing ceremony witnessed Shrawan Kumar Goyal, chairman of Spark Hydroelectric Company Limited alongside Amit Shrestha, head of corporate credit at Siddhartha Bank.
Spark Hydroelectric Company Limited received construction license of the project from the Department of Electricity Development back on Ashwin 25, 2077 BS. A power purchase agreement (PPA) with the Nepal Electricity Authority was signed on Ashwin 24, 2080 BS.
The company expects to complete the project by 2085 BS. Once operational, the plant’s electricity will feed into the national grid via the Dhungesanghu Substation in Mewakhola Rural Municipality.
Suggested Readings:
List Of Hydropower Projects In Nepal (Developed By Private Sector)
