PPA signed for Ghalemdi Power Project

    236

    MYAGDI: A power purchase agreement (PPA) has been signed for the construction of the Ghalemdi Hydropower Project.

    The Managing Director of the promoter of the project, C-Mat Power Development Company, Sohan Sundar Shrestha, and General Manager of the Nepal Electricity Authority, signed the PPA for 30 years amid a function recently, said Chairman of the project construction company, Relinar Energy Private Limited, Kishor Subedi.

    As per the agreement NEA would purchase the power from the C-Mat for Rs. 4.8 per unit during the rainy season and for Rs. 8.4 per unit during the winter.

    The company claimed that four Megawatts of power would be generated by the project which will be constructed at a cost of Rs. 168 million. The dam of the project would be constructed at the source of the Ghalemdi stream and power house at the bank of Nilgiri river bank.

    The Company would get a sum of Rs. 135 million annually from the NEA once the project starts generating power.

    Source : RSS