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The Independent Power Producers Association, Nepal (IPPAN) has said that the announcement by Parliament to remove the provision of 'take and pay' (Leu and Tir) power purchase and sale agreements (PPAs) is a significant achievement.
In a press conference in Kathmandu, Ippan has also suspended the protest that the government has been doing for adopting an energy-friendly policy on Thursday.
It is a good thing that the 'Take and Pay' PPA announced in the budget was removed from the parliament, said Mohan Dangi, senior vice president of IPPAN. In the budget, it is mentioned that ``take and pay'' PPA will be done by changing it and it is mentioned that PPA can be done for projects that are sure to consume and export energy on the basis of financial risk assessment and it is ensured that Nepal Electricity Authority can pay the obligations.
After the removal of the provision of 'take and pay' PPA, which is regular and closed after the announcement, Dangi told that they expect that the PPA of up to 10 megawatts will continue, according to the information published by the authority, there will be more PPA and based on the Energy Development Roadmap, 2081 passed by the Council of Ministers, PPA will be opened and an environment will be created for the private sector to invest with confidence. He says that it is also the private sector's responsibility to make the government's plan to achieve domestic consumption of 13,500 megawatts and export 15,000 megawatts of electricity in 10 years.
'Take and Pay' PPA has been announced to be removed due to the first phase of civil movement, including warnings, advocacy, meetings, memorandums, debates, etc. with the support and assistance of the media and media persons, policy makers, representatives of various political parties,' said the statement issued by IPPAN.
Prime Minister KP Sharma Oli has removed the 'Take and Pay' PPA from the Parliament and Finance Minister Bishnu Paudel has expressed the promotion of the private sector with a proposal for amendment. IPPA President Ganesh Karki said that the electricity produced by the private sector is still not being transmitted. He said that it should be given to the private sector to build the transmission line.
