Kathmandu, Nov. 21
Golyan Group has signed Power Purchase Agreement (PPA) with
the Nepal Electricity Authority (NEA) for the Upper Balephi Hydropower Limited.
The Power Purchase Agreement for Upper Balephi Hydropower
Ltd. was signed on November 21, 2023, by Kulman Ghising, Managing Director of
the NEA and Umesh Kasaju, Chairman of Upper Balephi Hydropower Ltd. on Tuesday
in the presence of Prawin Aryal, CEO of energy businesses of Golyan Group.
This PPA solidifies a commitment to developing and
delivering clean, reliable energy to meet the growing demands of the country,
said the Group in a statement on Wednesday.
The Upper Balephi is a Run-Of-River project situated in the
Jugal Rural Municipality of Sindhupalchowk District. The project is located
approximately 126 km northeast of the capital and about 40 km north of the
Kodari Highway. The Gross Head of the Project is 438.5 m, with a design
discharge of 12.70 cubic metre per second and an installed capacity of 46 MW.
The Project is expected to generate Dry Energy of 86.019 GWh
and Wet Energy of 188.69 GWh.
According to the Group, it has invested in renewable energy
with a plan to contribute 900 MW, aiming to enhance the country's
sustainability portfolio in the next decade.
The Group is also part of the development of the Upper
Balephi (A) Hydropower Project, a 36 MW venture situated in the same vicinity
of Sindhupalchowk district. This project was successfully commissioned in
November 2022. The required commercial operation date (RCOD) for the UBHPP
project is set for May 9, 2027.
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