Kathmandu — The construction of the 135 MW semi-reservoir Manang Marsyangdi Hydropower Project has officially commenced following the completion of financial arrangements.
According to a press release issued by Butwal Power Company Limited, the financial management for the project was finalized through a loan agreement with China Exim Bank. As per the agreement, China Exim Bank will provide a loan of 1.24 billion Chinese Yuan (approximately USD 175.25 million) for the project. The total estimated cost of the project is USD 323 million, with the remaining funds being raised from other sources.
The Manang Marsyangdi Hydropower Project is being developed jointly by Butwal Power Company Limited and Chinese partners. The Chinese companies involved include ACIG International Limited, Xingcheng International Investment Company Limited, and QYEC International Company Limited. These companies have invested through their joint entity, ACIG International Nepal Hydro Joint Development Investment Company.
The construction is being carried out by China’s Sinohydro Bureau Seven Company Limited, with project supervision being handled by Northwest Engineering Company. The project is scheduled to be completed within 42 months as per the planned timeline.
The Manang Marsyangdi Hydropower Project is expected to make a significant contribution to Nepal’s energy production. Once completed, the 135 MW project will strengthen the country’s energy supply and pave the way for attracting more foreign investment in the hydropower sector.
Additionally, the project is anticipated to generate local employment, improve infrastructure, and contribute to the economic development of the region. The plan is to complete the project within four years and connect the generated electricity to the national grid.
