NEA signs PPA with fifty two projects in five months

NEA signs PPA with fifty two projects in five months

Rastriya Samachar Samiti

KATHMANDU: The Nepal Electricity Authority (NEA) has, in the first 5 months of the current fiscal year, signed the power buy agreement (PPA) with fifty two hydropower projects. According to NEA Spokesperson Prabal Adhikari, the whole potential of such projects is 1,051 megawatts.

All of the initiatives are non-public quarter investments, and their promoters have been advised to entire the fiscal administration as soon as viable and pass to the construction phase. On the very first day of the present day fiscal year, the NEA and the Arati Hydro Power Company had signed the PPA. The employer has acquired era license for the 14.10-mw Upper Irkhuwa Hydropower Project primarily based in Bhojpur district.

Similarly, the NEA has signed the PPA for 12-mw Dudhukunda Khola undertaking primarily based in Sankhuwasabha; and the 1.5-mw top Gadigadh project.

It plans to signal the PPA with extra 12 tasks with 70 mw potential in close to future. It may additionally be stated that the December 11 meeting of the NEA Board of Directors held underneath the chairmanship of Minister for Water Resources and Irrigation Barshaman Pun, decided to make the PPA below the ‘Take or Pay’ concept.

The government goals to generate 15,000 mw energy by way of the subsequent 10 years, making the united states of america self-sufficient on electricity production.

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