Prime to Invest in Upper Syange Hydropower Project

January 17: Upper Syange Hydropower Limited said it has successfully completed the financial closure for its 2.4 MW Upper Syange Hydropower Project. Prime Commercial Bank, the sole financing company for the project, signed the Financial Closure Agreement with the project on January 12, according to the project.

The project is located in Marsyangdi Rural Municipality of Lamjung district. According to the project, the Power Purchase Agreement of the project has been executed and the project is under construction phase with the target to complete the construction by Mid-2019.