Nuwakot, Feb 10 (RSS): Minister for Energy, Water Resources and Irrigation Barsha Man Pun today laid the foundation stone for the construction of Upper Trishuli 3B at Kispang Rural Municipality in Nuwakot. Speaking on the occasion, he said the country should be self-reliant on energy to reduce country’s current trade loss and achieve government’s two digits economic growths goal.
The county at present needs 10,000 megawatts electricity for internal consumption, he said. “We need a hydropower project that produces 15,000 mw to generate 10,000 mw electricity in winter,” Minister said. He also said the campaign of ‘Nepal’s Water People’s Investment’ is being implemented effectively.
Nepal Electricity Authority (NEA) executive director and the project promoter Kulman Ghising was of the view that the completion of the project before the deadline would greatly support the country making the power supply reliable and regular. He spoke of the need for support and cooperation from every quarter to complete the project before the deadline.
Lawmakers Hit Bahadur Tamang and Narayan Prasad Khatiwada urged the project management not to overlook the contribution of locals who provided their private land for the purpose of project. The project based in the border of Nuwakot and Rasuwa districts in the cascade of NEA’s under-construction 60-MW Upper Trishuli ‘A’.
Main investors of the project are the Nepal Electricity Authority (NEA) and the Nepal Telecommunications Company Limited. The NEA and Nepal Telecom have a 30 percent share each in the project. The remaining investment is shared by local governments in Rasuwa and Nuwakot, financial institutions, locals, NEA and Telecom employees as well.
The estimated cost of the project is Rs 7.44 billion. The investment in the project shall be made through the co-financing formed on the initiative of the Nabil Bank. The project promoter and the Bank had signed an agreement to this end on last August 20.