Power Purchase Agreement Deadlines Extended for Hydropower Projects
Summary
The Nepal Electricity Authority has extended deadlines for hydropower projects that missed commercial operation start dates, classifying projects into four groups based on progress and compliance to improve management and transparency.
Key Points
- The Nepal Electricity Authority is extending deadlines for hydropower projects that could not start operation within the stipulated time.
- Projects are classified into four groups based on progress and compliance status to manage extensions and cancellations.
- Extensions for force majeure events require board approval, while normal cases are handled by the executive director.
- Group C projects facing default notices risk contract cancellation if no improvement occurs.
