Bank Hydropowet firm ink deal

Ankhukhola Hydro power Company has signed an agreement with six banks and financial institution that will see Rs 700 million lent to the hydel project that aims to start electricity generation by June 2010. Prime Commercial Bank, Machhapuchchhre Bank, Sunrise Bank and Kist Bank led by Prime Commercial Bank; Kasthmandup Development Bank and Standard Finance signed the agreement to lend to the seven megawatt (MW) Ankhukhola Hydro power Project that has already finished 30 % of its preliminary work.