Monday, February 28, 2022 (Fagun 16, 2078) : Mr. Krishna Prasad Acharya, President IPPAN, handed over a memorandum to Mr. Kulman Ghising, Managing Director, NEA. The meeting was attended by the entrepreneurs whose PPA has been pending, VPs Mr. Ashish Garg and Mr. Mohan Kumar Dangi, EC Members, Mr. Prakash Chandra Dulal, Mr. Uttam Bhlon Lama, Ms. Kabita Pokhrel, Coordinator of Advisor’s Committee Mr. Kumar Pandey from IPPAN and Mr. Prabal Adhikari, Managing Director of Nepal Power Trade Company, and other senior officials from NEA side. Mr. Acharya highlighted the difficulties faced by the energy entrepreneurs due to the lack of PPA for over 3 years now.
During the meeting, IPPAN stressed that the power developers have been forced to pay the annual license renewal fees without any fault on their part and also submitted that over 215 power projects, with combined installed capacity of over 9,000 MW have been waiting to signing the PPA. The pause in signing PPA would increase the overall cost of the projects, delay the project completion and hence jeopardize the Government’s target of generating 15,000 MW by 2028.
The IPPAN team requested NEA to immediately resume the PPA as it is causing financial hardships to the project developers and may derail the overall development of the sector due to PPA uncertainty.