The government has started the process to open Power Purchase Agreements (PPA) and formed a five-member sub-committee to set the necessary criteria.
The government has started process to open Electricity Purchase Agreement (PPA) for power producers. To fix bases and standards for doing PPA, Nepal Electricity Authority (NEA) have formed a five-member sub-committee.
The Sub-Committee and Its Members
This decision was made during a meeting of the NEA board of directors on Thursday evening. The meeting was chaired by Minister of Energy, Water Resources and Irrigation, Biraj Bhakta Shrestha. The board decided to form the sub-committee under coordination of board member Anshu Kiran Shahi.
The newly formed sub-committee is given a deadline of only seven days to prepare the PPA criteria and submit it to the board of directors.
Other members in the sub-committee includes the Deputy Director General of Department of Electricity Development, Senior Divisional Engineer Shaligram Bhandari representing Energy Ministry, and expert Riwaj Sharma. The Director of Trade Branch will act as member secretary of the sub-committee.
Objective of the Sub-Committee
The sub-committee is formed according to provisions in the Economic Act, 2083. It will study the existing bases and recommendations of committee formed by Ministry of Energy, Water Resources and Irrigation about doing PPA with energy producers who got production licenses.
According to the official board decision, the team will analyze everything properly and make sure to prepare the criteria of electricity purchase agreement within seven days so that the process can move forward smoothly.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
