PPA signed between NEA and Siuri Power Pvt. Ltd

Published On: June 2, 2017 07:58 PM NPT

KATHMANDU, June 2: Power purchase agreement has been signed between Nepal Electricity Authority and Siuri Power Pvt Ltd, promoter of Super Nyadi Hydropower Project, on Friday.

Construction of 40.27 MW-hydropower power project, located at Bhulbhule of Lumjung district, has been initiated.

At a programme organised at NEA, Executive Director, Kulman Ghising, and Chief of the hydropower project, Shailendra Guragain, signed the MoU.

As per the agreement, the NEA would pay Rs 8.40 per unit power during summer season while Rs 4.80 during rainy season. It will be increased by three percent every year till eight years after the completion of the project.

Electricity would be generated by channeling water to Kafaldanda from the project area through tunnel. The project has targeted to generate power from 2079 BS.

Guragain said that the electricity produced from the project would be linked to the National Transmission Grid through Tirakuna sub-station. RSS

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