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5% VAT on Electricity Sales Seen to Lower Hydropower Costs, Boost Investment
Kathmandu: The government’s announcement in the upcoming fiscal year’s budget to impose a 5 percent VAT on electricity sales has generated optimism among energy developers. The provision is expected to significantly reduce the construction cost of hydropower projects and open new avenues for private sector investment. Following the government’s announcement that a 5 percent value-added tax (VAT)…
Government Forms High-Level Panels to Review Hydropower PPA and Licensing Policies
Kathmandu. The government has decided to proceed with Power Purchase Agreement (PPA) and licensing matters only after receiving reports from newly formed high-level committees. Minister of Energy, Water Resources and Irrigation, Biraj Bhakta Shrestha, has established two high-level committees to ensure the ministry’s operations are result-oriented, transparent, and accountable, specifically…
Minister Shrestha: We Want to Move IPPAN Forward as a Partner Institution in Energy Development
Minister for Energy, Water Resources and Irrigation, Biraj Bhakta Shrestha, has stated that he wants to move forward with IPPAN—the umbrella organization of energy producers—not merely as a stakeholder body but as a partner institution. During a discussion held on Wednesday at Singha Durbar with a delegation led by Ganesh Karki, President of the Independent Power Producers’ Association, Nepal…
Draft Electricity Policy Under Review, Focus on Long-Term Energy Goals
Kathmandu: Minister for Energy, Water Resources and Irrigation, Biraj Bhakta Shrestha, has initiated internal discussions on the draft Electricity Policy. During the discussion, he emphasized that the policy should encompass overall energy sector development, structural and institutional reforms, energy utilization, and environmental protection. At the meeting held on Friday, Minister Shrestha…
