Syarpu hydropower project receives commercial operation permit

The Nepal Electricity Authority has granted commercial operation approval to the 3.3-megawatt Syarpu Hydropower Project situated in Banfikot Rural Municipality-3 within Rukum West. Promoted by Syarpu Power Company, the initiative materialises a collaborative investment framework uniting local government bodies to establish a sustainable internal revenue stream. A collective majority stake of 54 per cent in Syarpu Power Company is held by six local administrative bodies alongside the District Coordination Committee in Rukum West, complemented by a one per cent financial contribution from the federal Ministry of Finance. According to Pradip Oli, who serves as the chief executive officer of Syarpu Power Company, the newly approved generating facility is anticipated to produce approximately 18.17 million units of electrical energy every year, generating substantial financial returns.