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January 17: The construction contract of 30MW capacity Nyadi Hydropower Project has been finalised. An agreement between Nyadi Hydropower and Chinese Company Zhejiang Hydropower Construction and Installation was signed on January 16.
Issuing a press statement, the company informed that the contract was done as per EPC format. The Chinese company obtained the contract for civil, hydro mechanical and electro mechanical works. Rajeev Rajbhandari, Chairman of the company and Liu Koching, Chairman of the Zhejiang Hydropower signed the agreement paper on behalf of the respective organisation.
According to the statement, the project will commence from coming February to complete within next 38 months. The company targets to operate the hydro project by 2020 April.
Nyadi Hydropower is the joint venture of Butwal Power and Lamjung Electricity Development Company. It is also planning to issue shares to the local people of affected area and general investors in near future.
"The hydro project will have a consortium loan from Nabil, Global IME and Himalayan Bank headed by Everest Bank. Moreover, Hydropower Investment and Development Company will also be investing in the project," reads the statement.
Similarly, the company informed that the tasks related with procurement of land for the project, construction of project access road, power purchase agreement, appointment of supervision consultant and financial management has already concluded.
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'content' => '<p style="text-align: justify;">January 17: The construction contract of 30MW capacity Nyadi Hydropower Project has been finalised. An agreement between Nyadi Hydropower and Chinese Company Zhejiang Hydropower Construction and Installation was signed on January 16.</p>
<p style="text-align: justify;">Issuing a press statement, the company informed that the contract was done as per EPC format. The Chinese company obtained the contract for civil, hydro mechanical and electro mechanical works. Rajeev Rajbhandari, Chairman of the company and Liu Koching, Chairman of the Zhejiang Hydropower signed the agreement paper on behalf of the respective organisation.</p>
<p style="text-align: justify;">According to the statement, the project will commence from coming February to complete within next 38 months. The company targets to operate the hydro project by 2020 April.</p>
<p style="text-align: justify;">Nyadi Hydropower is the joint venture of Butwal Power and Lamjung Electricity Development Company. It is also planning to issue shares to the local people of affected area and general investors in near future.</p>
<p style="text-align: justify;">"The hydro project will have a consortium loan from Nabil, Global IME and Himalayan Bank headed by Everest Bank. Moreover, Hydropower Investment and Development Company will also be investing in the project," reads the statement.</p>
<p style="text-align: justify;">Similarly, the company informed that the tasks related with procurement of land for the project, construction of project access road, power purchase agreement, appointment of supervision consultant and financial management has already concluded. </p>
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<p style="text-align: justify;">Issuing a press statement, the company informed that the contract was done as per EPC format. The Chinese company obtained the contract for civil, hydro mechanical and electro mechanical works. Rajeev Rajbhandari, Chairman of the company and Liu Koching, Chairman of the Zhejiang Hydropower signed the agreement paper on behalf of the respective organisation.</p>
<p style="text-align: justify;">According to the statement, the project will commence from coming February to complete within next 38 months. The company targets to operate the hydro project by 2020 April.</p>
<p style="text-align: justify;">Nyadi Hydropower is the joint venture of Butwal Power and Lamjung Electricity Development Company. It is also planning to issue shares to the local people of affected area and general investors in near future.</p>
<p style="text-align: justify;">"The hydro project will have a consortium loan from Nabil, Global IME and Himalayan Bank headed by Everest Bank. Moreover, Hydropower Investment and Development Company will also be investing in the project," reads the statement.</p>
<p style="text-align: justify;">Similarly, the company informed that the tasks related with procurement of land for the project, construction of project access road, power purchase agreement, appointment of supervision consultant and financial management has already concluded. </p>
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<p style="text-align: justify;">Issuing a press statement, the company informed that the contract was done as per EPC format. The Chinese company obtained the contract for civil, hydro mechanical and electro mechanical works. Rajeev Rajbhandari, Chairman of the company and Liu Koching, Chairman of the Zhejiang Hydropower signed the agreement paper on behalf of the respective organisation.</p>
<p style="text-align: justify;">According to the statement, the project will commence from coming February to complete within next 38 months. The company targets to operate the hydro project by 2020 April.</p>
<p style="text-align: justify;">Nyadi Hydropower is the joint venture of Butwal Power and Lamjung Electricity Development Company. It is also planning to issue shares to the local people of affected area and general investors in near future.</p>
<p style="text-align: justify;">"The hydro project will have a consortium loan from Nabil, Global IME and Himalayan Bank headed by Everest Bank. Moreover, Hydropower Investment and Development Company will also be investing in the project," reads the statement.</p>
<p style="text-align: justify;">Similarly, the company informed that the tasks related with procurement of land for the project, construction of project access road, power purchase agreement, appointment of supervision consultant and financial management has already concluded. </p>
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<p style="text-align: justify;">Issuing a press statement, the company informed that the contract was done as per EPC format. The Chinese company obtained the contract for civil, hydro mechanical and electro mechanical works. Rajeev Rajbhandari, Chairman of the company and Liu Koching, Chairman of the Zhejiang Hydropower signed the agreement paper on behalf of the respective organisation.</p>
<p style="text-align: justify;">According to the statement, the project will commence from coming February to complete within next 38 months. The company targets to operate the hydro project by 2020 April.</p>
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<p style="text-align: justify;">"The hydro project will have a consortium loan from Nabil, Global IME and Himalayan Bank headed by Everest Bank. Moreover, Hydropower Investment and Development Company will also be investing in the project," reads the statement.</p>
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