Beni (Myagdi), August 14: The power purchase agreement (PPA) of the 25 MW Darbang-Myagdikhola hydropower project based in west Myagdi was concluded on Thursday.
Acting Deputy Executive Director of Nepal Electricity Authority, Planning Monitoring Directorate Rajiv Sharma and Proprietor of Dhaulagiri Kalika Hydro Private Limited signed the PPA agreement.
According to the PPA, the NEA will purchase power from the project at the rate of Rs. 4.80 per unit during monsoon and Rs. 8.40 in the four months of the dry season.
The PPA will help us speed up the construction of the project and also attract the investors, said Chairman of Kalika Hydro Pramod Shrestha.
The run-of-the-river project will have its power house at Sahaswardhara in the border of Darbang and Babiyachaur VDCs. This will be the first hydropower project in east Myagdi. The project is estimated to cost Rs. 3.93 billion.