January 25, 2022 | Investopaper
Nepal Electricity Authority (NEA) is going to enter into power purchase agreement (PPA) for the electricity produced from the solar plants through competition.
A meeting of the NEA’s Board of Directors chaired by Minister for Energy, Water Resources and Irrigation Pampha Bhusal on Sunday decided to make PPA for solar energy through competition.
“In order to provide electricity to the people at concessional rates, the purchase of electricity should be made competitive and transparent,” said Minister Bhusal.
NEA has so far signed PPA of 110 MW with 21 solar projects. Out of this, 6 projects have been completed from which 29 MW of electricity has been connected to national transmission.