September 20, 2022 | Investopaper
Remit Hydro Limited is going to construct a 77.5 MW Ghunsa Khola Hydropower Project in Taplejung. For this purpose, the company has obtained the construction license of the project from the Department of Electricity Development.
The department issued the license on Shrawan 8, 2079 BS. The construction license has a validity until Shrawan 7, 2114 BS.
According to the Department of Electricity Development, the construction license has been given to the company on the basis of the environmental impact assessment report and study report of the project approved by the Ministry of Forest and Environment.
Before issuing the license, the department had sought opinions and suggestions from the concerned stakeholders about the adverse effects that may occur during the construction and operation of the project. The department had requested the stakeholders to send their opinions and suggestions within 35 days from the date of issue of the notice.
The Ghunsa Khola Hydropower Project is a Simple Run off the River (SROR) located in the Phaktanglung Rural Municipality of Taplejung District. The project will generate 458.58 GWh of electricity annually. The electricity generated from the project will be evacuated through the Dhungesanghu substation.
The total estimated cost of Project is 18.25 billion.
The Ghunsa Khola Hydropower Project is included in the People’s Hydropower Program. Remit Hydro, the developer of the project, is mainly promoted by Hydroelectricity Investment and Development Company (HIDCL) and remit holders.
For the construction of the project, the financial management has already been completed. NMB Bank and Remit Hydro have signed a memorandum of understanding to invest in the project. After the signing of the MoU, NMB Bank has stated that it will manage the finances of the project by forming co-financing with other banks and financial institutions.