KATHMANDU, Feb. 12 -- The Ministry of Energy, Water Resources and Irrigation (MoEWRI) has recommended the government with the financial designs to construct 1,200 MW Budhi Gandaki Hydropower Project, one of the much-hyped projects that has been moving in slow pace.

A committee under the MoEWRI has come up with three alternatives regarding the investment modalities of the project.

In the first modality, the ministry has recommended the government to maintain the ratio of loans to equity at 80:20. In the first type of funding, the total investment of the reservoir project is estimated to be Rs 306.16 billion, including the interest amount of banks during the construction period. Out of the total amount, the government needs to inject Rs 1...