"The Everest Bank Limited also will invest 3.60 Billion Rupees (2.25 Billion INR) in the Arun III," the source added. Along with the Everest Bank will be made with investment from the EBL and the investment of the PNB in the project also will stand at eight billion rupees (5 Billion INR). The source also informed that the 4.06 billion rupees for the project will be lent from the Nepali banks as Bridge loan without further details over the banks. The Indian Government on the other hand has made the approval of 92 billion rupees that is to be invested by SJVN. The Second Package of constructing the power station is awarded to Patel Engineering Company Ltd. with the contract amounting 18 billion rupees which includes the 8 km long tunnel in addition.

Source: dna April 09, 2018 05:24 UTC