Chilime Rasuwagadhi HPP

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Chilime Hydropower was planning the development of the 111MW Rasywagadhi Hydropower Plant. Three Francis turbines of 38.5MW. Rasuwagadhi Hydropower Company Limited (RGHPCL) is a 33% subsidiary of Chilime Hydropower Company Limited (CHPCL), incorporated in August 2011. The equity structure of the project company was as follows: General public: 15% Project affected local people: 10% Contributors of Employers Provident Fund: 19.5% Employees: 4.5% Nepal Electricity Authority: 18% Chilime Hydropower Company: 33% Chilime Hydropower Company was 51% owned by Nepal Electricity Authority, as well as floated on the local stock exchange. The PPA was signed with NEA in November 2011. Land aquisition was in progress. The EIA was approved by the Ministry of Environment. A tri-parte loan agreement was signed December 8th 2011. Construction was expected to start in January 2013. Commissioning was expected for December 2016. The EPC contract was in pre-qualification phase. Total cost for the project was estimated at NRs. 13,684.20 million excluding financial cost (US$159 million). The financing structure was expected to be 50:50 debt-to-equity. http://www.chilime.com.np/rasuwa.html http://www.chilime.com.np/rasuwa.html#