Nepal, Sept. 2 -- The financial closure has been confirmed for the Sanibheri Hydropower Project to be developed by the Expert Hydro Investment Company. Different banks and financial institutions under the leadership of Citizens Bank have agreed to invest for the development of the 44.52 megawatt project, which is located in Ward No. 7 and 14 of Putha Uttarganga Rural Municipality in Rukum Purba district.

As agreed, the Citizens Bank would invest Rs 2.5 billion, Nabil Bank would invest Rs 1.5 billion and Rs 1.2 billion from Nepal Investment Mega Bank.

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Likewise, Sanima Bank and Siddhartha Bank would put Rs 1 billion each for the project development.

CEO o...