Private sector to trade electricity internationally, non-performing hydropower licenses to be revoked
▸ Part of: Nepal Government to Expedite PPAs for Small Hydropower Projects and Revoke Idle Licenses
Finance Minister Dr. Swarnim Wagle announced that the private sector can now engage in cross-border electricity trading, ending the state monopoly. Licenses for non-performing hydropower projects will be revoked and reallocated. The budget also introduces legal mechanisms to mobilize venture capital by drafting a Limited Liability Partnership (LLP) law.
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