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
-
Alcazar joins forces with IFC to develop Štip wind farm project
29 April 2025
-
Guatemala opens 1.4 GW energy auction
29 April 2025
-
DAS Solar plans 3 GW solar module factory in France
28 April 2025
-
Panama’s president rejects new mining contract law to settle Cobre Panamá dispute
25 April 2025
-
Glenfarne to acquire four solar assets with battery storage facilities in Chile
25 April 2025
-
SAR tenders Dammam Industrial City railway connection
25 April 2025