Terhathum Power Company Limited has announced its decision to invest Rs. 1 crore in the 21.4 MW Nyadi Phidi Hydropower Project, which is currently under construction by North Summit Hydro Limited.
The decision was approved during the company's 67th Board of Directors meeting held on Wednesday, in accordance with the provisions of its Articles of Association and the authorization granted by shareholders at its 8th Annual General Meeting (AGM). Under the approved plan, Terhathum Power will utilize its surplus funds to purchase 100,000 ordinary shares of North Summit Hydro at the face value of Rs. 100 per share, amounting to a total investment of Rs. 1 crore.
According to the board, the investment was made after evaluating the project's satisfactory construction progress, favorable budget outlook, and overall commercial viability. The company believes the investment will provide value while efficiently utilizing its excess capital.
The 21.4 MW Nyadi Phidi Hydropower Project is being developed in Bahundanda and Bhulbhule of Marsyangdi Rural Municipality, Lamjung. The project is expected to begin commercial electricity generation by November 2027, contributing to Nepal's expanding hydropower capacity and strengthening the country's renewable energy sector.
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