Project License & Agreement

Power Purchase Agreement (PPA)

Nepal Electricity Authority and Himal Power Limited entered into a Power Purchase Agreement for the Khimti Hydroelectric Project on January 15, 1996 for a twenty-year-long period commencing on the above date and ending on July 11, 2020. After the expiration of the PPA period, HPL shall arrange for the transfer to NEA of a fifty percent (50%) ownership interest for a nominal consideration of one (1) Rupee