Construction begins on 30-MW Nyadi hydropower project in NepalWritten by admin , March 27th, 2017 // Construction, EPC Engineering
China-based Zhejiang Hydropower Construction and Installation Co. began construction of the civil, hydro-mechanical and electro-mechanical works for the 30-MW Nyadi hydropower project on Nyadi River at Bahundanda of Lamjung in Nepal, according to published reports.
Nyadi Hydropower Ltd., a joint venture between Butwal Power Co. (BPC) and Lamjung Electricity Development Co. (LEDCO), is the project developer.
The estimated cost of the project is Rs 6 billion (US$91.8 million) and BPC has a 97.22% stake in the joint venture, while LEDCO has 2.78%. According to the developer, the plant is expected to begin commercial operation in 2020.
In January, it was reported Nyadi Hydropower Ltd. and the construction company signed an engineering, procurement and construction contract for the project.
According to BPC, in February 2016 a bank consortium agreed to finance the project. The consortium includes: Everest Bank Ltd., Nabil Bank Ltd., Global IME Bank Ltd., Himalayan Bank Ltd., Sunrise Bank Ltd., and the state-owned Hydroelectricity Investment and Development Company Ltd.
The run-of-the-river project will divert water from the Nyadi River to the powerhouse through a 4-kilometer-long tunnel and an 800-meter-long penstock.
Electricity generated from the project will be sold to Nepal Electricity Authority (NEA), according to the power purchase agreement signed between project developer and the state-owned power utility.