A consortium led by Global IME Bank has signed a financing agreement for the development of the 166 MW Super Tamor Hydropower Project, which will be constructed by Crystal Power Development Pvt. Ltd. in Taplejung District.
The project is estimated to cost approximately Rs. 25 billion and is expected to become one of Nepal’s significant hydropower developments, contributing to the country's growing energy production capacity and export potential.
Under the agreement, a consortium comprising Siddhartha Bank, Laxmi Sunrise Bank, Prabhu Bank, Agricultural Development Bank, and Nepal SBI Bank will jointly provide around Rs. 19 billion in financing.
As the lead arranger of the consortium, Global IME Bank will contribute Rs. 5 billion toward the project's financing. The remaining investment requirement will be fulfilled by the project promoters and other stakeholders.
The hydropower project is expected to be completed within five years and will play a key role in strengthening Nepal’s renewable energy infrastructure. Upon completion, the project is anticipated to support domestic electricity demand while enhancing opportunities for cross-border power exports.
Officials from the participating banks expressed confidence that the project will contribute significantly to the growth of Nepal’s energy sector and support the country's long-term energy security goals.
Project Financing Details
| Particulars | Details |
|---|---|
| Project | Super Tamor Hydropower Project |
| Capacity | 166 MW |
| Developer | Crystal Power Development Pvt. Ltd. |
| Location | Taplejung |
| Estimated Project Cost | Rs. 25 Billion |
| Consortium Financing | Rs. 19 Billion |
| Lead Bank | Global IME Bank |
| Global IME Bank Contribution | Rs. 5 Billion |
| Participating Banks | Siddhartha Bank, Laxmi Sunrise Bank, Prabhu Bank, Agricultural Development Bank, Nepal SBI Bank |
| Expected Completion Period | 5 Years |
The financial closure marks a major milestone for the Super Tamor Hydropower Project and reflects continued investment from Nepal’s banking sector in large-scale renewable energy infrastructure.
Deepak Bhatt And Shulabh Agarwal Remain In Custody
Businessmen Deepak Bhatt and Shulabh Agarwal remain in custody as authorities intensify investigations into alleged money laundering activities. The case continues to draw significant attention from Nepal’s financial sector.
Committee Seeks Hidden Asset Details Of Cooperative Operators
The Problematic Cooperatives Management Committee has requested information regarding undisclosed assets allegedly linked to cooperative operators under investigation, aiming to strengthen asset recovery efforts.
flydubai Interested In Pokhara International Airport Operations
flydubai has expressed interest in operating regular flights to Pokhara International Airport, potentially boosting international connectivity and tourism.
Nepal Rastra Bank To Withdraw Rs. 30 Billion From Banking System
Nepal Rastra Bank plans to withdraw Rs. 30 billion from the banking system in response to excess liquidity, aiming to improve monetary management and financial stability.
Tanahun Hydropower Dam Construction Reaches 50% Completion
Tanahun Hydropower Project has achieved a major milestone as dam construction reaches 50% completion, bringing the project closer to power generation.
Mount Everest Power IPO Allotment Completed For Locals
Mount Everest Power Development Limited has completed the allotment of IPO shares reserved for project-affected local residents.
Starlink Faces Regulatory Hurdles In Nepal
Starlink is reportedly seeking full ownership rights for launching services in Nepal, but discussions have encountered regulatory challenges related to licensing and ownership requirements.
SpaceX Reportedly Preparing Massive IPO
SpaceX is reportedly exploring a future public offering that could target a valuation of around $75 billion, potentially becoming one of the largest IPOs in recent years.
NRB To Absorb Rs. 30 Billion Through Deposit Auction
Nepal Rastra Bank will absorb Rs. 30 billion in liquidity through a 56-day deposit collection auction as part of ongoing monetary operations.
Shikhar Insurance Issues Claim Settlement Notice
Shikhar Insurance Company Limited has published a structured notice urging policyholders to complete necessary procedures for claim settlement processing.
NIFRA Promoter Shares Put Up For Sale
Nepal Infrastructure Bank Limited promoter shares totaling approximately 1.08 million units have been offered for sale.
Orient Insurance Requests Pending Documents
Orient Insurance Limited has requested policyholders to submit pending documents to facilitate timely claim settlement.
Karnali Leads Nepal’s Life Insurance Growth
Karnali Province recorded the highest growth in Nepal’s life insurance sector, highlighting increasing insurance penetration in the region.
Asian Life Insurance Offers Interest Waiver Scheme
Asian Life Insurance Company Limited has announced a policy revival campaign offering up to 100% interest waiver for eligible policyholders.
Banks Lower Deposit Rates Amid Excess Liquidity
Commercial banks in Nepal have reduced deposit rates below the previous floor rate as excess liquidity continues to pressure the banking sector.
MetLife Bangladesh Installs Solar Power System
MetLife Bangladesh has installed a 104-kW solar power system at its head office, supporting sustainability and renewable energy initiatives.
Miteri Development Bank Announces Promoter Share Sale
Miteri Development Bank Limited has announced the sale of promoter shares, providing an opportunity for eligible investors.
Himalayan Power Partner Rights Share Allotment Completed
Himalayan Power Partner Limited has completed the allotment of its recently issued rights shares.
Machhapuchchhre Bank Preference Shares Listed On NEPSE
Machhapuchchhre Bank Limited preference shares have been listed on NEPSE, expanding investment opportunities in the banking sector.
NMB Bank Preference Shares Listed On NEPSE
NMB Bank Limited preference shares have officially begun trading on NEPSE.
NEPSE Lists NMB Bank Cumulative Preference Shares
Nepal Stock Exchange has listed non-redeemable cumulative preference shares issued by NMB Bank Limited.
Citizens Bank Promoter Share Sale Notice Published
Citizens Bank International Limited has issued a notice regarding the sale of promoter shares.
West Seti 400 kV Transmission Line Project Advances
The West Seti transmission line project continues to progress and is expected to play a crucial role in Nepal’s future power transmission network.
Nepal Rastra Bank Foreign Exchange Rates Update
Nepal Rastra Bank has released updated foreign exchange rates covering major international currencies.
Wealth Orbit Center – Global Markets & Investment Tools
📈 Largest Companies in USA – Live Prices & Charts
🇨🇳 Largest Companies in China – Market Cap Rankings
🇦🇺 Largest Companies in Australia – Live Market Data
💹 Live Cryptocurrency Screener
📊 Access global stocks, crypto markets, forex data, company rankings, live charts, and investment research tools from Wealth Orbit Center.