The Independent Power Producers Association Nepal (IPPAN) has submitted a 53-point set of recommendations to Finance Minister Dr. Swarnim Wagle for the upcoming fiscal year 2083/84 budget. IPPAN President Ganesh Karki urged the government to open up power purchase agreements to the private sector and involve them in transmission lines. Finance Minister Dr. Wagle emphasized that the energy sector should be prioritized and the private sector supported accordingly. April 10, Kathmandu.
During the meeting with the Finance Minister, IPPAN President Ganesh Karki stated, “If the government formulates policies and programs and invests accordingly for the development of the energy sector, the private sector is ready to achieve the government’s target of producing 30,000 megawatts of electricity within the next 10 years.” He underscored the need for policy and legal incentives such as opening power purchase agreements (PPAs), involving the private sector in electricity trading and transmission lines, and timely issuance of IPOs through the Securities Board.
Finance Minister Dr. Wagle said, “The government will advance by giving special priority to the energy sector, which will enhance its contribution to the economy.” He further emphasized that government support is essential for investors in this sector and that energy investments are being made with transparency and professionalism, which should be further promoted.
The recommendations also highlight the declaration of a decade aimed at energy development and consumption growth in Nepal. They call for issuing PPAs while considering domestic and cross-border electricity market demand until alternative mechanisms for electricity trading are implemented, with the goal of achieving a 30,000 megawatt capacity within the next 10 years.
