June 4: Nepal Electricity Authority (NEA) has finalized power purchase agreement (PPA) with Suiri Nyadi Power promoter of Super Nyadi Hydropower. The construction of 40.27MW Super Nyadi Hydropower project has already been started in Bhulbhule of Lamjung.

Kul Man Ghising, Executive Director of NEA and Shailendra Guragain, Chief of Super Nyadi signed the agreement amid a program on June 2. As per the agreement, NEA will pay Rs 8.40 per unit during winter and Rs 4.80 per unit during summer. After the completion of the project, the rate of power will increase by 3 percent per annum for the first eight years, said Director Guragain.

As per the project, it targets to generate electricity by July 25, 2022. The power generated from the project will be connected to central transmission line through Tarikuna sub-station of NEA.