According to Keshav Bahadur Rayamajhi, Managing Director of People’s Hydro Power Company, a board meeting of the Hydropower Development Department cleared all decks for them about a week ago. “The department has given us permission to generate power and sell it for 35 years,” said Rayamajhi, citing the decision taken at the meeting.
The project, which is expected to start operations by 2018, shall distribute 10 per cent of the total investment as share to the locals, which amounts to about 240 million rupees. The hydropower plant will be set up somewhere between Dhodeni and Phaleni VDC, he said.
The company is now preparing the Power Purchase Agreement (PPA) of the project. “The PPA will be ready by July this year,” said Rayamajhi, adding that the company is yet to settle other matters with NEA.
Of the total cost, People’s Hydro Power will bear 60 per cent while 30 per cent shall be borne by the Merchant Company.
Source : The Himalayan Times