Nepal Government Forms High-Level Committees to Review Hydropower PPA and Licensing Policies
Summary
Nepal's government has formed high-level committees to review and reform Power Purchase Agreements and hydropower licensing policies, addressing transparency and private sector concerns.
Key Points
- The government formed two high-level committees to review Power Purchase Agreements (PPAs) and licensing policies for hydropower.
- Committees are tasked with identifying technical, legal, economic, and policy weaknesses within 120 days and recommending reforms.
- Private sector actors criticize the committees for lack of inclusion and urge immediate opening of PPAs.
- Nepal Electricity Authority insists on 'take-and-pay' model due to budget provisions, leading to delays in PPA progress.
