Power Purchase Agreement was signed with Nepal Electricity Authority in August 2018.
Financial closure was concluded in November 2019 with Himalayan Bank Ltd. as a lead bank, Nepal Infrastructure Bank Ltd. as a Co-lead bank and Kumari Bank Ltd., Nepal SBI Bank Ltd., NCC Bank Ltd., and Sanima Bank Ltd. as member banks.
Generation License was obtained from the Department of Electricity Development in January 2020.
The project embarked on construction in January 2020 after the award of civil works contract to CE construction.
The project is advancing in a full-fledged manner to meet the target project commissioning date of September 2023.