Nepal, has announced a 100 MW solar tender as part of its efforts to increase the share of renewable energy in its power mix. The NEA’s 100 MW solar tender is a significant step towards achieving Nepal’s goal of generating 5,000 MW of electricity from renewable sources by 2030.
The 100 MW solar tender is a grid-connected project, which means that the electricity generated by the solar plant will be fed into the national grid. The project can be located in any part of Nepal with good solar irradiance. The tariff shall be decided on the bssis of reverse bids. The power purchase agreement (PPA) for the project will be for 25 years with the NEA.
The NEA’s 100 MW solar tender has received a positive response from the industry, with several companies expressing their interest in bidding for the project. The tender is expected to boost the development of the solar industry in Nepal and create new opportunities for local businesses.
In conclusion, the NEA’s 100 MW solar tender is a significant step towards achieving Nepal’s renewable energy targets and reducing its dependence on fossil fuels. The tender has the potential to unlock the vast solar potential of the country and accelerate the development of the solar industry. As Nepal moves towards a more sustainable energy future, initiatives like this will play a crucial role in driving the transition to a low-carbon economy.
| Parameter | NEA 100 MW Solar Tender |
|---|---|
| Issuing Authority | Nepal Electricity Authority (NEA) |
| Tender Size | 100 MW |
| Project Type | Grid-connected solar power project |
| Location | Any location in Nepal with good solar irradiance |
| Eligibility Criteria | – Bidders must be registered companies in Nepal<br>- Prior experience of developing and operating a solar project of at least 1 MW in capacity<br>- Bidder must have a minimum net worth of NPR 100 million |
| Tariff Structure | Benchmark tariff 5.90 NPR/kWh |
| Power Purchase Agreement | 25-year Power Purchase Agreement (PPA) with NEA |
| Bid Submission Deadline | 13 March 2023 |
| Bid Opening Date | 13 March 2023 |
| Expected Commissioning | 18 Month |