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Government Targets 1800 MWs

  1 min 8 sec to read

The government has promised to lower the power cut to four hours a day in the next year and to two hours a day in the following year. This promise is made in the energy development programme that Deputy Prime Minister and Finance Minister Bharat Mohan Adhikari presented to the Parliament on March 23. The programme has a target to increase the generation capacity to a minimum of 1800 Megawatts (MW) within the next four years.

 
Adhikari also announced dissolution of electricity tariff fixation commission and its replacement by Energy Crisis Control Commission. Adhikari claimed the state has already managed resources to increase the generation capacity to 2500 MWs of electricity in the next four years. He also declared various concessions and subsidies for energy projects.
 
Similarly, he promised to bring out a new policy which will have commercial banks invest in the energy sector at least two per cent of their total loan outstanding. According to another promise, the NEA will increase by 20 per cent the price it pays to the private sector power producers to purchase power from them. “For reservoir based projects, the PPA rate can be further increased through dialogues,” Adhikari said.

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