Myagdi – Construction of the 180-megawatt Kaligandaki Gorge Hydropower Project has commenced in Myagdi district. Promoted by Kaligandaki Gorge Hydropower Ltd., the project has started tunnel excavation works from Bhalebas in Annapurna Rural Municipality–4.
According to Project Director Raman Singh, the project is targeted for completion within four years and will include the construction of a 5.6-kilometre-long tunnel. A dam will be built at Ghasa in Mustang, while the powerhouse will be located at Gharap in Myagdi. The run-of-the-river project is estimated to cost around NPR 40 billion.
The project will be financed by a consortium led by Global IME Bank, with participation from Laxmi Sunrise Bank, Himalayan Bank, and Prabhu Bank. Ten percent of the company’s shares have been reserved for local residents of the affected area.
Ward Chairperson Lok Bahadur Phagami described it as the largest hydropower project ever undertaken in Myagdi district. The project was officially inaugurated following traditional religious rituals and prayers.
