Kathmandu. The Independent Power Producers' Association, Nepal (IPPAN) has welcomed the government's decision to issue letters of intent for the preparation of cross-border electricity trade, demanding assurance of obtaining licenses.
Issuing a statement on Tuesday (Kartik 10), IPPAN publicly stated its formal position on the Ministry of Energy, Water Resources and Irrigation's decision to seek letters of intent from the private sector as a theoretical agreement. IPPAN stated that this decision is an important start towards the government's long-standing demand of over two decades for the private sector to be granted electricity trading licenses. IPPAN believes this decision has opened the way for the private sector, which has so far been limited to production, to explore markets, identify partners, and prepare for power purchase and sale agreements for the first time. Furthermore, IPPAN clarified that since the letter of intent only provides theoretical consent for preparatory work, it cannot be considered a complete fulfillment of the private sector's demand.
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