Upper Balephi Hydropower Ltd. signs power purchase agreement with NEA

KATHMANDU: Golyan Group is a leading private-sector enterprise headquartered in Nepal.

The Group is backed by a strong workforce of more than 5,000 employees with an annual turnover of $400 million.

Over the years, Golyan Group has strengthened and expanded its core businesses, leveraging its expertise in various industries while fostering a culture of entrepreneurial dynamism.

Golyan Group strives to create and maintain a balance between resource management and economic advancement throughout its current and future businesses.

Golyan Group’s businesses include Agriculture, Construction and Hospitality, Financial Services, Manufacturing, and Renewable Energy.

The Group has invested in renewable energy with a plan to contribute 900 MW, aiming to enhance the country’s sustainability portfolio in the next decade.

The initiative promises to create a more sustainable future.

The Power Purchase Agreement for Upper Balephi Hydropower Ltd. was signed on Nov 21, 2023, by Kulman Ghising, the Managing Director of Nepal Electricity Authority, and Mr. Umesh Kasaju, the Chair of Upper Balephi Hydropower Ltd. in the presence of Mr. Prawin Aryal and Mr. Sanjay Sah, the CEO of energy businesses of Golyan Group and Group CFO of Golyan Group respectively.

This PPA solidifies a commitment to developing and delivering clean, reliable energy to meet the growing demands of the country.