Nepal Electricity Authority Prepares Power Purchase Agreements for Major Hydropower and Solar Projects

Kathmandu. Nepal Electricity Authority is preparing to sign power purchase agreements for more than half a dozen large hydropower and solar projects with government investment. Minister for Energy, Water Resources and Irrigation, Biraj Bhakta Shrestha, has directed to expedite the process immediately while discussing the report prepared on PPAs.

According to the Ministry of Energy, PPAs are being prepared to be moved forward in two phases. The ministry has stated that in the first phase, PPAs will be signed for government-invested projects, and in the second phase, for private sector projects.