Green Ventures Buys 51% Stake in Kaligandaki Gorge

Green Ventures Limited (GVL) has acquired a 51 percent founder share of Kaligandaki Gorge Hydropower Company. The official share purchase agreement between the two companies was signed on Tuesday, Bhadra 10.

Kaligandaki Gorge Hydropower is currently developing and constructing a 180 MW semi-reservoir project on the Kaligandaki River, located in Myagdi and Mustang districts. The project has already received approval for electricity generation.

The estimated cost of the project is NPR 39.50 billion, with a debt-to-equity ratio of 75:25. The financing is being arranged under the leadership of Laxmi Sunrise Bank, along with other participating banks.