May 19, 2023 | Investopaper
The 102 MW Madhya Bhotekoshi Hydroelectric Project under construction at Sindhupalchowk is almost 97 percent complete. The work of the project being constructed by Madhyabhotekosi Hydropower Company has reached its final stage.
The largest hydropower project in Sindhupalchowk district has been continuously delayed. The project with an installed capacity of 102 MW was started in 2070 BS under the leadership of Chilime Hydropower Company Limited. The project was targeted to be completed in 2073. However, it has been delayed several times due to the 2072 BS earthquake, Indian blockade, floods and landslides, COVID-19 etc.
Madhya Bhotekoshi Hydroelectric Project is being constructed by Chinese company Guangxi Hydroelectric Construction Bureau and Andritz Hydro Limited.
The initial estimated cost of the project was Rs. 12.28 billion excluding the interest. However, due to the delay in construction, the estimated cost has escalated to Rs. 15.03 billion.
The project is being funded through 50 percent equity and 50 percent debt.
The project expects to generate commercial electricity by Shrawan, 2080 BS.
Chilime Hydropower owns 37 percent in the project while Nepal Electricity Authority has 10 percent ownership.