KATHMANDU, March 19: A contract agreement has been signed to improve the electricity transmission and distribution system of eight districts in Province 2. The Nepal Electricity Authority (NEA) and Tata Project Limited on Wednesday signed a contract worth around Rs 4 billion for the implementation of Province 2 Rural Electrification Project.
For the first time in its history, Nepal looks poised to realize its famed hydro power potential.
Load shedding [grid blackouts] has ended. Nepal Electricity Authority (NEA), the national power utility, is profitable. There is a strong pipeline of new hydropower plants. Rural electrification is expanding rapidly. This newfound confidence has led Government to double its generation plans for the next decade from 10,000 MW to 20,000 MW.