The fate of three dozen hydro electric projects initiated by the Independent Power Producers (IPPs) that have already signed power purchase agreement (PPA) with Nepal Electricity Authority (NEA) is in limbo.This is because the IPPs are unlikely to meet the deadline given by NEA to conclude financial closure for the projects.Normally, NEA grants a period of two years to achieve financial closure of projects initiated by IPPs. The deadline given to seven projects — Upper Ingwa Khola (Taplejung), Upper Mailun (Rasuwa), Tame Khola (Dailekh), Upper Tadi (Nuwakot), Midim Khola (Lamjung), Maya Khola Hydropower (Sankhuwasabha) and Ludee Khola Hydropower (Gorkha) — has already expired. Similarly, the deadline given to six projects — Phalanku Khola (Rasuwa), Likhu-2 (Solukhumbu/Ramechhap), Likhu-1 (Solukhumbu/Ramechhap), Sabha Khola (Sankhuwasabha), Upper Myagdi (Myagdi), Chulepu Khola (Ramechhap) — is fast approaching, but they have not achieved financial closure till date.