March 14: Minister for Energy, Water Resources and Irrigation Barsaman Pun has assured the private sector of a viable energy market, at a time when the country’s independent power producers (IPPs) are not so confident about the market.
Until recently, Nepal Electricity Authority (NEA) was signing power purchase agreements on the condition of purchasing only when necessary. Several agreements of the kind are yet to be converted into mandatory purchase agreements.
“The government will find energy market. Therefore, the private sector can focus on generating electricity,” said Minister Pun at a discussion on the problems faced by IPPs, in Kathmandu on Wednesday.
Pun further said that there was huge demand of energy in India and Bangladesh. “Bangladesh wants to sign agreement for purchasing 1500 MW energy from India,” said Pun.