"Lower Solu Project Director Ashish Garg said the MoE and NEA have been postponing the PPA signing date, citing the lack of budget for the construction of transmission lines. Issuing the licence to these projects, the government had pledged to construct the transmission lines.
The projects have paid a combined Rs 450 million in licence fees and have provided bank guarantee worth Rs 101 million. NEA Managing Director Rameshwor Yadav also said the NEA has not been able sign the PPA due to the possibility of wastage of energy during monsoon after a few years."
Lower Solu in the past has gained lot of attention from Development Finance Institutions (DIFs) for investments...NEA being reluctance will not send a good signal to potential foreign investors......
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