Vision Lumbini to Construct Namo Buddha Hydropower Project in Palpa

Butwal. Vision Lumbini Limited is going to construct a 3.44 MW capacity 'Namo Buddha Hydropower' project in the Tinau River of Palpa. The company informed at a press conference in Butwal that the project will be constructed at a cost of approximately 70 million rupees in Tinau Rural Municipality-Jhumsa. The project aims to be completed and operational within 15 months.

Vision Lumbini's Chairman Jagat Bahadur Pokharel informed that work including source assurance has already started by signing an agreement with Lumbini Bikas Bank. He mentioned that collective investment is the basis of prosperity, and the project construction in Tinau is an example of that.

According to him, the technical, environmental, and ecological study related to the project has been completed. Earlier, the company had constructed and brought into operation a 25 MW hydropower project in Kaski.

The company stated that it is currently investing in 12 large projects across the country. Chairman Pokharel said that there are plans to expand investment in the tourism sector in the coming days and develop 'Vision Lumbini' as 'Vision Nepal'.

Board member and executive Rajiv Gautam said that preparations are underway to advance large hydropower projects in the Mahakali and Karnali regions as well. He mentioned that the company was established by including small investors.

Operation Committee member Anuman Shaiju said that it is a positive step for the company, which started from Butwal, to advance the project in the Tinau area connected to Butwal. Another member Kul Bahadur KC said that the company is being advanced by the collective investment of doctors, engineers, and retired individuals.

Vision Lumbini has stated that it is expanding its activities by investing in various sectors including hospitality, insurance, and IT along with hydropower.