PPA for Jaldigad Hydropower Project signed
kathmandu: The Nepal Electricity Authority (NEA) has signed a power purchase agreement (PPA) with Shangrila Hydropower Pvt Ltd for the 20.73 MW Jaldigad Hydropower Project to be built in Rukum East. The two sides inked the agreement on a take and pay model for 6 months of winter and 6 months of rainy season.
The agreement stipulates that the NEA will purchase electricity generated by the project at the rates of Rs 8.40 during the winter and Rs 4.80 during the rainy season. On behalf of the project, Chairman of Shangrila Hydropower Pvt Ltd Khagendra Neupane and Deputy Executive Director Pradeep Kumar Thike on behalf of the Electricity Authority have signed the agreement.