Image: Samrat Khadka, Unsplash
The proposals received to develop 800 MW of grid-connected solar power in Nepal equate to more than four times the available capacity under the tender, according to new figures from the NEA.
The state-owned company conducted the tender earlier this year. It says it has received proposals from a total of 134 companies for a total of 3.6 GW.
The NEA has one list of the 259 projects from 127 developers that passed the technical bid evaluation, representing a combined 3,492.5 MW. The financial proposals of these bids will be opened on October 22.
The projects chosen for development will enter into power purchase agreements with the NEA for a period of 25 years. The final selection will depend on the substation and price, with the utility setting a price cap of NPR5.94 ($0.04) per unit.
According to figures from the International Renewable Energy Agency (IRENA), Nepal had 115 MW of installed solar energy at the end of 2023.
This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.
Popular content
