Syarpu hydro granted approval for commercial operation
Summary
The 3.3-megawatt Syarpu Hydropower Project in Rukum West has received approval for commercial operation from the Nepal Electricity Authority. Backed by local governments and expected to generate annual revenue for municipalities, the project is being seen as a new model for local investment.
Key Points
- Nepal Electricity Authority has approved commercial operation of the 3.3-megawatt Syarpu Hydropower Project in Banfikot Rural Municipality-3, Rukum West.
- The project, promoted by Syarpu Power Company and jointly invested in by local governments, has cost about Rs. 620 million and is connected to the national grid.
- It is expected to generate about 18.17 million units of electricity a year and earn around Rs. 101.5 million annually.
- The company plans to issue 45 percent of its shares to the general public through an IPO after commercial production begins.
