Is solar power a viable alternative source of energy in Nepal?
As an alternative source of energy, solar power is gaining popularity across the global as well as in Nepal. Although the major investments for electricity production has flowed towards hydropower projects in Nepal, investors in solar projects have increased in recent years.
How many solar projects are being built in Nepal?
According to Department of Electricity Development, about 17 solar projects are currently being constructed in Nepal. NEA along with private sector investors are developing these projects. The department has already issued the license for the construction and the work of these projects is going on full swing.
Are solar power projects generating electricity for commercial purposes?
However, lately the solar projects are being developed to generate electricity for the commercial purposes. Nepal Electricity Authority (NEA) has signed Power Purchase Agreement (PPA) with several solar power projects at an average of Rs 7 per unit. Hence, the development of solar power projects has gained momentum in recent times.
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