• Guarantco provides $28.2M guarantee for Essel Clean Solu

    The project comprises an 82 MW run-of-river hydroelectric power plant that will provide electricity to an estimated 3-4 million people and will help to alleviate the current power shortages in the country. It is the largest private sector energy project in Nepal, the first Independent Power Producer in the country financed by both international and domestic financiers, and the first project financing involving an independent financial guarantor. Construction works at the project site are expected to start in March 2015, and the project is expected to be operational in 2019.