NEA to purchase 100 MW of electricity from solar power through competitive bidding
KATHMANDU, Nov. 30 -- Nepal Electricity Authority (NEA) in a bid to purchase 100 MW of electricity generated by solar power plants has called for power purchase agreement (PPA) through competition.
For this purpose, the state-owned power utility has called the interested firms to submit their letter of intent (LoI). Last year, the NEA decided to open the PPA of solar power through a competitive bidding process.
According to the NEA, the step is a part of its plan to promote the mix-energy sources. The new measure is expected to make the purchase of solar power more accessible and transparent.
The NEA has fixed deadline of February 26 to file LoI on the technical proposal. The companies selected in the first phase will have to submit th...
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