January 27, 2021 | Investopaper
A 250 MW solar power project and a 40 MW capacity battery storage plant will be set up at Kohalpur in Banke and Banganga in Kapilvastu.
An agreement was reached on Tuesday to conduct a detailed feasibility study for setting up a solar power project with a 40-megawatt battery storage plant and a 250-megawatt grid.
A Memorandum of Understanding (MoU) has been signed between the Government of Nepal, the Investment Board and Risen Energy Singapore JV for the feasibility study. The MoU was signed by Sushil Bhatt, Chief Executive Officer of the Investment Board, and Wang Xiang, Development Manager for South Asia, on behalf of Singapore JV.
As per the understanding, Singapore JV will have to prepare a detailed feasibility study report and submit it to the office of the Investment Board within 12 months of receiving the survey permission.
The project is by far the largest solar energy project in Nepal. The total estimated cost of the project is US $ 189.5 million.