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Sunkoshi-3 Hydropower Project

The Sunkoshi III Storage Hydropower Project is a proposed storage dam that will be located at Temal Rural Municipality-9 of Kavre and Khandevi Rural Municipality. The Kavre district is home to Tamang Indigenous communities. According to the reports from the Department of Power Development, the technical study of the project, drawing design, geological survey, topography survey, cost estimation of the project, economic and financial analysis, biological and social studies have been performed and completed. This particular storage project is part of a wider agreement between Bangladesh and Nepal and was confirmed in a meeting that involved the Secretary of the Ministry of Electricity, Energy and Mineral Resources of Bangladesh, and the Ministry of Energy, Water Resources and Irrigation of Nepal, the Department of Electricity Development and the Nepal Electricity Authority. The Ministry of Forests and Environment has determined the scope of the EIA, and will has confirmed their approval of the EIA report regarding the plans for Sunkoshi III. The feasibility study of the project is in its final stage, and construction is soon to begin, currently consultations must be carried out with project affected local individuals and communities, before the final findings of the reports can be considered. The project is expected to commence from 2029. The predicted price of the project is $1’458’000’000, and it is clearly intended to be a cross border project, whereby Bangladesh will fund the construction of the dam that will funnel electricity back over the border upon completion, however, specific financing sources have yet to be identified. Proposals for sponsorship from Bangladeshi conglomerates Summit Group and United Group have been made, however other financiers have yet to be confirmed. Similarly, the findings of the EIA have only recently been published

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