Minister Shrestha says private sector entry into electricity trading close
Summary
The Energy Ministry says policy and legal reforms to allow private sector participation in electricity trading are in the final stage, alongside new criteria for power purchase agreements and plans to expand transmission capacity with India. The ministry also highlighted progress on major hydropower projects, grid infrastructure, and improved flood and weather forecasting services.
Key Points
- Policy and legal arrangements for private sector entry into electricity trading are nearly complete, with Letters of Intent to be issued to interested companies.
- Nepal and India have agreed to expand electricity transmission capacity for both imports and exports, while several major cross-border transmission projects are advancing.
- The ministry has issued new tariff and transmission standards, prepared draft bills, and is moving to restructure NEA into separate companies for generation, transmission, distribution and trading.
- Flood forecasting lead times have been extended and weather information is now being shared through the Nepal Weather Official mobile app.
