Budget 2084/84
Private Sector to Be Allowed to Trade Electricity in International Market
To encourage the private sector to develop large and reservoir-based projects, the Finance Minister said the government will adopt a policy allowing promoters to sell up to forty percent of shares to the general public in the very first year, provided they ensure that one hundred percent of the investment goes into the reservoir-based project.
Dipesh Ghimire
1 min read
Kathmandu — The government will make arrangements to allow the private sector to trade electricity in the international market, Finance Minister Dr. Swarnim Wagle announced through the budget.
Wagle said legal provisions will also be put in place enabling the private sector to build transmission lines and trade electricity by charging a wheeling fee.
He said arrangements will be made to adjust the fees for forest land usufruct rights and tree-felling when ownership of a hydropower project is transferred to the Government of Nepal after the expiry of the project's licence period.
To encourage the private sector to develop large and reservoir-based projects, the Finance Minister said the government will adopt a policy allowing promoters to sell up to forty percent of shares to the general public in the very first year, provided they ensure that one hundred percent of the investment goes into the reservoir-based project.
Written by
Dipesh Ghimire