Kuwait Fund for Budhi Gandaki hydel project

KATHMANDU: The Kuwait Fund for Arab Economic Development has agreed to provide a loan assistance of Rs 1.55 billion to Nepal for the implementation of the Budhi Ganga Hydropower Project.

An agreement to this end was signed and exchanged amidst a ceremony at the Ministry of Finance on Friday. The project with a capacity of generating 20MW of electricity shall be operated in Achham district.

Madhhu Kumar Marasini, Joint Secretary and Chief of the International Economic Cooperation and Coordination Division, Ministry of Finance and Mr Hesham Al-Waqayan, Deputy Director General, Kuwait Fund signed on the agreement on behalf of the respective sides.