Power Purchase Agreement Deadlines Extended for Hydropower Projects

Kathmandu. The deadline for hydropower projects that have signed Power Purchase Agreements (PPAs) and reached various stages of construction but could not come into operation within the stipulated time will be extended. The Nepal Electricity Authority has put forward a new action plan to address the demand for extension of the RCOD (Commercial Production Start Date) deadline, which has been raised by energy producers for a long time.

The Authority stated that the meeting of the Authority's board of directors held on Asar 32 decided to classify the projects into four groups based on their physical progress, implementation of PPA obligations, and current status.