Economic and Financial impact of solar energy consumption in developing country Nepal

Solar energy will be a leading renewable source for electricity generation in the future since the electricity generated through a solar power plant is clean, environment-friendly and reliable. Nepal is endowed with good renewable energy potential. The major sources of renewable energy are mini and micro hydropower, solar energy, various forms of biomass energy, biogas and wind energy. To widely develop the renewable energy technology sector,  revise the subsidy amount and credit, and encourage private sector and financial institutions to invest in the sector while focusing on providing service delivery of the utmost quality in the rural areas. The...

सम्बन्धित सामग्री

Integrated development of hydropower and solar energy stressed

Kathmandu, June 13: A study has showed that emphasis should be given to power production based on the sources of renewal energy like Solar Photovoltaic reducing full dependency in hydropower at a time when water-level in rivers has started decreasing due to climate change. The study report on 'Integrated development of hydropower and solar energy for security, affordability and sustainability in Nepal's energy mixture' stressed that there is immense potentials of renewal energy including hydropower and solar energy in Nepal and it should be developed as a complement. The study was carried out with the support of Renewal...

Integrated development of hydropower and solar energy stressed

Kathmandu, June 13: A study has showed that emphasis should be given to power production based on the sources of renewal energy like Solar Photovoltaic reducing full dependency in hydropower at a time when water-level in rivers has started decreasing due to climate change. The study report on 'Integrated development of hydropower and solar energy for security, affordability and sustainability in Nepal's energy mixture' stressed that there is immense potentials of renewal energy including hydropower and solar energy in Nepal and it should be developed as a complement. The study was carried out with the support of Renewal...

"World's cheapest hydrogen energy could be produced in Nepal"

Stakeholders and experts have stressed that a focus should be laid on production of alternative energy including hydrogen energy, solar energy and wind energy along with the hydroelectricity in Nepal.

Generation of 10MW solar energy started in Jhapa

Narayan Prasad Pokharel, programme officer of the JECL, said that the solar energy produced at the plant located at Shivasatakshi Municipality-4 was connected with the sub-station of the Nepal Electricity Authority (NEA) located at Bulochowk for the trial production.

Solar energy attracting investors, 11 projects granted permission for survey

KATHMANDU, November 9: The number of investors in the solar energy project has significantly increased in recent years. It may be noted that the promotion of the solar and energy mix falls on the priority of the government in its bid to seek and promote the sources of alternative energy. The government plans to generate 15,000 megawatts electricity in the ten years and contribution of alternative energy to such plan is around 10 percent. Solar power projects continue to attract investors unlike of other sources of alternative energy. The Ministry of Energy, Water Resources and Irrigation has side by side focused on the development and promotion of other primary energy sources including the hydropower projects and this concept is known as the ‘energy mix’. At the policy-level, the Ministry is providing necessary facilitation the development and expansion of solar energy. In the initial phase, the solar power was used for household electrification purposes. Its use for commercial purposes has begun lately. The solar project is getting attraction at the international level as well. The Nepal Electricity Authority (NEA) has launched the 25-MW solar project in Nuwakot and the power generation is around 50 percent of the capacity. The data of the Department of Electricity Development showed that 33 solar projects have applied for the survey and their accumulated capacity is 408 MW. The government is clear about not letting the permission for operating a solar project in the arable land. The areas surroundings of the Mid-Hill Highway seems suitable for installing solar projects at large scale. NEA has the power purchase agreement with the solar projects to purchase electricity around Rs 7 per unit. NEA executive director Kulman Ghising says the investment cost of solar power projects is gradually decreasing. Stating that the NEA has signed power purchase agreement with some projects at the value of Rs 7 per unit, he opined that solar power plants could be installed in land unfit for cultivation. According to the Department of Electricity Development, 16 projects have taken permission for construction. Their total production capacity is 93 megawatts. Similarly, 21 projects have acquired permission for survey. Their combined production capacity is 568 megawatts. Nine projects have sought permission for construction. Their production capacity is 60 megawatts in total. Four projects have been producing solar power. Their total production capacity is 20 megawatts. In the Kathmandu Valley, the Kathmandu Upatyaka Khanepani Management Board is operating a 0.68 megawatts capacity plant. Likewise, the Bishnupriya Solar Farm is producing one megawatt power, the Ridi Hydropower as a grid connected solar power project is producing 8.5 megawatts power in Rupandehi and the Mithila Solar PV Power Project is generating 10 megawatts power in Dhanusha. The combined production of the projects, including those in survey stage, those waiting for survey permission and the projects already acquiring permission for production is 1,149 megawatts.

RSEL launches Solar Nepal Initiative

KATHMANDU, July 23: The Kathmandu University (KU)'s Renewable and Sustainable Energy Laboratory (RSEL) has launched the Solar Nepal Initiative. The project was launched virtually.  The objective of this Initiative is to make the country's economy as 'green economy' through the promotion of solar energy in collaboration among the various stakeholders in the energy sector. RSEL chief, Associate Professor Dr Sunil Prasad Lohani stressed on the sustainable energy hybridity in the energy sector of Nepal. He said the solar energy could be a viable clean energy alternative to hydropower.  He also said there is huge potential for the hydropower and solar power in Nepal and both were complementary to each other rather than competitors. Dr Lohani also called attention of the government and the private sector investors towards this end.    Executive member of Independent Power Producers' Association of Nepal (IPPAN), Kuber Mani Nepal said there is policy-related obscurity regarding the energy sector and a lack of infrastructure for testing the solar energy equipment.  Renewable Energy Confederation president Gunaraj Dhakal said the goal of at least 20 per cent solar energy in the energy mixture can be achieved if the agencies concerned emphasized on the development of the technology for the same.   Nepal Solar Power Producers Association president Indra Khanal underscored that the solar energy is the only reliable alternative in emergency and it could be seen as the main energy source.  KU, School of Engineering Dean Prof Dr Manish Pokharel, Nepal Academy of Science and Technology (NAST)'s senior scientist Dr Suresh Kumar Dhungel, Alternative Energy Promotion Centre (AEPC)'s deputy executive director Nawaraj Dhakal, Prof Dr Ramesh Kumar Maskey and Prof Dr Amrit Man Nakarmi also shed light on the rationale of the Solar Nepal Initiative and its works. More than 130 persons from various sectors participated in the Webinar.

Golchha and NEA Sign Agreement

olchha Group has signed an agreement with Nepal Electricity Authority (NEA) for the production of 2MW solar energy through Power Purchase Agreement (PPA). This proposal was signed by the Managing Director of Nepal Electricity Authority Hitendra Dev Shakya and Chairman of Golchha Group, Shekhar Golchha.

Golchha Group has signed an agreement with NEA for Power Purchase Agreement

Kathmandu, April 4. Golchha Group has signed an agreement with Nepal Electricity Authority(NEA) for the production of 2 MW solar energy through PPA (Power Purchase Agreement). This proposal was signed by 2 members: The Managing Director of Nepal Electricity Authority Hitendra Dev Shakya and Chairman of Golchha Group ShekharGolchha. ShekharGolchha stated that they are planning […] The post Golchha Group has signed an agreement with NEA for Power Purchase Agreement appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.