The 55 MW power plant, for which the company acquired the permit from the Department of Electricity Development in 2011, is being bankrolled by Nepali and Indian investors.

According to Perfect Energy, the project is estimated to cost around $103.7 million.

President of the project Gyalje Lama said the company aimed to conclude a power purchase agreement (PPA) with the Nepal Electricity Authority (NEA) within a year, and that the construction would be finished four and a half years after that.

The project plans to divert the water from the tailrace of the Trishuli III B hydro project by erecting a dam at Manakamana-3 and Lahare Pauwa-1, Rasuwa and lead it through a tunnel to the power house at Tupche-2.

On Saturday, the project discussed its environmental impact report prepared by Sanima Hydro and Engineering with locals.

Gyalje said that the Middle Trishuli Ganga Nadi project was planning to borrow money from Indian banks and that it was working to acquire credit from locals.

The project will build an 11-metre high and 80-metre long dam and a 1,580-metre long tunnel. The energy generated by the project will be evacuated through a 132 kVA transmission line situated in Tupche.

The project will affect three village development committees (VDCs) in Nuwakot (Tupchhe, Manakamana and Gerkhu) and one in Rasuwa (Lahare Pauwa). Around 56 households will have to be resettled before the project can commence.

The project stated that it would accord high priority to the people from the affected areas while hiring.

Likewise, it will implement activities like rural electrification, road building, education and health care for the people of the affected region.

During an interaction event with locals, representatives of the political parties had urged the project developer to work in a way that would benefit both the project and the local people.