KATHMANDU, Feb 16: Nepal Electricity Authority (NEA) and Jal Urja Pvt Ltd have reached Power Purchase Agreement (PPA) on Friday.
Deputy Executive Director of NEA, Jagadishwar Man Singh, and Executive Director of Jal Urja, Abhaya Joshi, signed the agreement on behalf of NEA and the promoter group, respectively.
Located in the Marma Rural Municipality of Darchula district, the project has a total 1000 KW generation capacity. The project is expected to be completed in three years. The project is promoted by various banks and financial institutions and local people.