Nepal's eKantipur.com, said in an online report that LTL Holdings had beaten prospective suppliers from Nepal, China, India and Turkey to supply 1,040 transformers.
Following problems with transformer bought from China and Thailand, the transformers will first be tested at Central Power Research Institute in India, the report said.
The first consignment of transformers is expected to arrive in Nepal in October 2014, the balance in February and March 2015.
LTL Holdings will provide 100 transformers with a capacity of 15kVA (kiloVoltAmpere) transformers, 225 units of 25kVA, 350 units of 50kVA, 240 units of 100kVA and 100 units of 200kVA and 25 units of 300kVA transformers.
The deal value was not disclosed.
The report said Nepal needs 2,000 to 3,000 and the power authority.
"It has been more than two years since the NEA last purchased transformers," Nutan Dev Bhattarai, deputy manager at NEA’s Material Management Department was quoted as saying.
"As of now, we don’t have a single transformer to replace dysfunctional ones."
Sri Lanka has been producing it requirements at Lanka Transformers (Pvt) Ltd, a joint venture with state-run Ceylon Electricity Board and private investors.