Elevate Energy Pvt Ltd and Apollo Energy Pvt Ltd, the companies under the Energy business of the Golyan Group, have signed a contract with Tractebel Engineering GmbH, Germany for the completion of detailed engineering and environmental-social impact study for hydropower projects within 20 months.
The agreement is signed by Mr. Carsten Guntermann, Nepal Branch Manager of Tractebel, and Mr. Akshay Golyan, Managing Director of Golyan Group along with Mr. Prawin Aryal, CEO of the company’s energy business.
These companies are developing 306 MW (Upper Mugu Karnali) and 135 MW (Namlan Khola) peaking run of river hydroelectric projects in Mugum Karmarong Rural Municipality and Chhayanath Rara Municipality of Mugu District in Karnali Province.
Golyan Group has received technical assistance grant from the US International Development Finance Corporation (DFC) for studying two peaking hydroelectric projects.
Tractebel is one of the globally renowned engineering consulting companies for the study of hydropower projects that also has a long history of successfully executing projects in Nepal.
The Golyan Group is a leading private-sector conglomerate headquartered in Nepal.
The group is backed by a strong workforce of over 5,000 workers with an annual turnover of USD 400 million.
Through its diverse collaborations, the Group strives to strengthen the economic and social foundations of Nepal for a better future and strongly believes that clean and renewable energy holds the answer to a better planet.
The group has invested in renewable energy with a plan to contribute 900 MW to the energy portfolio of the country in the next decade and promises to create a green and renewable future for the country.
