A global tender has been invited for the selection of contractors for the physical construction of Jagadulla Hydropower Project.

The project is being implemented to serve the goal of 'illuminating Karnali'.

Chief Executive Officer of the Jagadulla Hydropower Company, Sanjaya Sapkota informed that the company has solicited global tender for the main construction work as well as civil and mechanical works of the project.

The company had published a notice for global tender on June 2. As per the notice, those interested can apply for the tender by 1 August 2024.

The company had called for global tender to expedite the project works after carrying out financial management. A bilateral loan agreement was signed in the presence of Minister for Energy, Water Resource and Irrigation, Shakti Bahadur Basnet.

Various banks and financial institutions under the leadership of Nabil Bank are investing for the project. It is said that Nabil Bank is investing Rs 4.4 billion for the hydropower project.

Other investors include Hydroelectricity Investment and Development Company Limited, Citizen Investment Trust, Laxmi Sunrise and Everest Bank. "We have taken ahead crucial work on time. It has opened up avenues for completing the project in the stipulated time," CEO Sapkota said.

The Jagadulla hydropower project located in Dolpa district has a total production capacity of 106 MW. The electricity generated from the project will be connected to Bafikot substation to be constructed by the NEA.