Independent Power Producers' Association of Nepal Submits 53-Point Budget Suggestions to Government
Summary
The Independent Power Producers' Association of Nepal (IPPAN) submitted 53-point budget suggestions emphasizing the need to open stalled electricity purchase agreements and advance hydropower development to meet Nepal's 30,000 MW target.
Key Points
- IPPAN submitted 53-point suggestions to the government for the fiscal year 2083/84 budget focusing on the energy sector.
- They demand the immediate reopening of electricity purchase agreements crucial for achieving Nepal's 30,000 MW generation goal within 10 years.
- IPPAN advocates for private sector involvement in domestic and cross-border electricity trade and calls to end the current single-buyer system.
- Budget suggestions include increasing hydropower license periods, customs exemptions on equipment, streamlining environmental approvals, and enhanced project security.
