SIKLES

Sikles Hydropower Pvt Ltd (SIKLES) was established and duly registered with the concerned agency Department of Industry with objectives to survey and construct hydropower projects in the country and to supply generated electricity to the distributors. As per prevailing laws and regulations, the company has been awarded the construction license for electricity generation after completion of feasibility and EIA study of the project by the Ministry of Energy. The company has signed for Power Purchase Agreement (PPA) with the Nepal Electricity Authority with an installed capacity of 13 MW on the basis of design discharge at a 43% probability of exceedance flow. The syndicated loan agreement is done with the consortium banks led by Nepal Bank Limited along with the member bank Agriculture Development Bank, Global IME Bank, Rastriya Banijya Bank, Nepal Bangladesh Bank and Siddhartha Bank Ltd.