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Nepal allocates 960 MW in PV tender with lowest bid of $0.037/kWh (www.pv-magazine.com)

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Summary:

Nepal has announced the allocation of 960 MW of solar photovoltaic (PV) capacity through a tender, which originally aimed for 800 MW. The Nepal Electricity Authority (NEA) selected 64 projects, with sizes ranging from 5 MW to 50 MW. The lowest bid was 4.99 NPR ($0.037) per kWh, while the highest was 5.55 NPR. The successful bidders will supply power to the NEA for 25 years under a power purchase agreement. As of the end of 2023, Nepal had installed 115 MW of solar capacity according to the International Renewable Energy Agency (IRENA).

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