KATHMANDU, Dec 29: The government has signed Project Development Agreement (PDA) with a consortium led by a South Korean government undertaking to build Upper Trishuli-I (216 MW) hydropower project.
Dinesh Kumar Ghimire, joint secretary of the Ministry of Energy and Bo Seukyi, a representative of Nepal Water and Energy Development Company Pvt Ltd (NWEDCL), signed the PDA document on Thursday.
The cabinet had approved the PDA document last week.
According to the PDA, NWEDCL will develop the project in build own operate and transfer (BOOT) model and hand it over to the government after 35 years. The project has to be completed in five years.