Nyadi Hydropower Plant

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The project involves the construction of a run - of - the river power plant at Nyadi River, Bahundada, Lamjung District. The total capacity of the plant will be 30-MW. Nyadi Hydropower Limited, which is a joint venture between Butwal Power Company (BPC) and Lamjung Electricity Development Company (LEDCO), is developing the project. The former holds slightly more than 97 per cent, and the latter around 3 per cent ownership in the project company. An estimated 172 million units of electricity generated from the project annually will be sold to Nepal Electricity Authority (NEA), according to the power purchase agreement signed between project developer and state owned power utility. As per the agreement, the purchase rate will rise by 3 per cent per annum for eight years. The PPA period is of 30 years. A consortium led by Everest Bank and co-led by Nabil Bank and Global IME Bank will be financing the project. Himalayan Bank, Sunrise Bank and state- owned Hydroelectricity Investment and Development Company are also part of the consortium. Sources reported that Rs 4.4 billion will be provided by the lenders, with the remaining Rs 1.6 billion being funded by sponsors. The project is being built at an estimated cost of Rs 6 billion, according to the developer and is expected to go online by April 2020. Financial closure is estimated as per the commencement of construction on 23rd March 2017, after having secured funding from banks. http://www.nepalenergyforum.com/construction-of-30-mw-nyadi-hydropower-to-begin-within-two-months/ http://www.hydroworld.com/articles/2017/03/construction-begins-on-30-mw-nyadi-hydropower-project-in-nepal.html