Tuesday, April 4, 2017

6 months electricity became the Upper Kulman says the sweepings


Nepal Electricity Authority - the country's power monopoly - is delaying implementation of the 'take or pay' provision in power purchase agreement with independent power producers.The provision was endorsed by the NEA board in the last week of January. However, according to independent power producers, NEA has not signed a single PPA till date since the 'take or pay' provision came
into force Following repeated instructions from the energy minister, the NEA board decided to replace the 'take and pay' clause of the PPA with 'take or pay' provision for up to 90 per cent of the total generation of the project.

According to Independent Power Producers' Association-Nepal - the umbrella body of private sector developers - there are projects with total installed capacity of around 700 megawatts that have approached NEA for grid connection agreement after the electricity utility declared the new provision for the PPA.

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