Kabeli-Damak transmission line would be constructed under The World Bank’s (WB) financing. The WB has decided to provide US$ 30 million (around Rs 2.22 billion) for the construction. Shyam Shrestha, the Chief of the project said at least US$ 5 million will be provided as aid while the remaining amount would be subsidised loan.
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The amount of aid and loan would be fixed during a meet on April 4, said Ram Chandra Pandey, General Manager of the Department of Transmission Line at Nepal Electricity Authority (NEA). Shrestha said the WB has agreed to provide the aid from its old fund.
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The NEA had started negotiation with the WB for four months ago to arrange the finance for the project. The WB has now agreed to finance the entire cost of the project.
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The transmission line will be of 132 Kilovolt and can transmit up to 150 Megawatts of electricity. it will begin near Kabeli A hydroelectricity project and end at Damak substation stretching some 90 kilometres. Shrestha said, “Though the line is near Kabeli A project, it is not solely for this project. It would connect to the national grid other hydroelectricity projects as well that are developed near Kabeli A site.â€
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Acording to him, the construction of the project will be completed by 2014. He said the construction work at the Damak substation has already started and the works on the transmission line would begin after the coming rainy season.
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