The construction work on Ghalemdi Khola Hydropower Project has progressed around 90 per cent of the total physical infrastructure.

The project of 5.5 megawatt capacity is likely to come into operation within four months, officials said.

Secretary of Ghalemdi Hydro Limited, Bimal Rijal, said that development of intake, tunnel, penstock, pipe installation and powerhouse has reached the final stage, adding that test transmission would be carried out probably by April 2019.

The project was initiated some four years ago by industrialists and business leaders of Myagdi district but was delayed due to the April 2015 earthquakes, economic blockade, geographical remoteness, and landslides in Kaligandaki River.

Total cost of the project is estimated to be around Rs 1.15 billion.

Likewise, the company is preparing to issue initial public offering (IPO) of 1.55 million.