Finance Minister says – ‘The government wants to develop it as a sector that drives the economy, please support it’
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Independent Power Producers Association of Nepal (IPPAN) has submitted 53-point suggestions for the budget and program for the upcoming year 2083/84.
In a meeting with Finance Minister Swarnim Wagle on Sunday, IPPAN President Ganesh Karki made the suggestion and said that if the government brings policies and programs to invest in the development of the energy sector, the private sector is ready to contribute to achieving the government's goal of generating 30,000 megawatts of electricity in 10 years.
He said that for this, the government should encourage the private sector through policy and legal means such as opening power purchase agreements (PPA), involving the private sector in electricity trading transmission lines, issuing IPOs on time from the Securities and Exchange Board of Nepal, and ensuring peace and security for the project.
In the meeting, Senior Vice President Mohan Dangi, Vice Presidents Anand Chaudhary, Uttam Blon Lama and Bharat Khatri, General Secretary Balram Khatiwada, Deputy General Secretary Prakash Dulal, members Uttar Kumar Shrestha, Mohan Dangi and others said that the private sector is ready to achieve the goals set by the government and an environment for investment should be created for this.
Finance Minister Wagle said that the contribution of the electricity sector to the economy is increasing and the government is trying to develop energy as a sector that drives the economy and urged support in this. "The government is in favor of advancing the energy sector with special priority. Its contribution to the economy is increasing. We will also formulate policies to make it a sector that drives the economy," he said. "The government wants the cooperation of investors. Investors should also move forward in a way that shows that energy is a sector in which investments are made with high professionalism and honesty."
In its suggestions, IPPAN has made demands such as declaring Nepal a decade of energy development and consumption growth and realizing the government's goal of achieving 30,000 megawatts of installed capacity in 10 years. Until other options for purchasing and selling electricity are implemented, PPA should be made taking into account domestic demand and the demand of the domestic electricity market. The single buyer system currently in place for electricity production companies to purchase electricity generated domestically as well as import electricity from neighboring countries should be ended and the private sector should be involved in domestic and international electricity trade. In order to develop sufficient transmission capacity for the flow of electricity produced, private sector companies should be involved in the construction of domestic and international transmission infrastructure.
