Nepal allocates 960 MW in PV tender with lowest bid of $0.037/kWh
12 November 2024
The Nepal Electricity Authority (NEA) has published the list of the selected projects for the solar energy tender it launched in June.
The authority allocated 960 MW of PV capacity across 64 projects in the procurement exercise, which was originally planned to assign around 800 MW.
The selected projects range in size from 5 MW to 50 MW. The lowest bid came in at 4.99 NPR ($0.037) and the highest reached 5.55 NPR.
Power generated from the plants will be sold to NEA for 25 years, with the successful bidder responsible for supplying the power via a power purchase agreement.
Nepal had 115 MW of installed solar at the end of 2023, according to figures from the International Renewable Energy Agency (IRENA).
Related
-
ADNOC Gas awards $2.1 billion Contracts
10 January 2025
-
Saatvik Green secures 1 GW solar module order
10 January 2025
-
Renalfa IPP buys 258 MW solar project in Romania, plans to install 1 GWh BESS
10 January 2025
-
EWEC issues RFP for 1,500MW Zarraf Solar PV Project
9 January 2025
-
SWPC issues RFP for Hadda and Arana Independent Sewage Treatment Plants
9 January 2025
-
EWEC Issues Request for Proposals for 1.5GW Zarraf Solar Project
9 January 2025