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Opinion | Nepal enters a new era in electricity
As the MCC’s pressure built on Nepal, India also dropped its objection to the cross-border line published on 2021-04-28 12:04:00
Last month, a new chapter opened up in Nepal’s power sector. On March 19, the Indian Energy Exchange (IEX), an electricity trading platform, announced that NTPC Vidyut Vyapar Nigam Limited had secured approval for Nepal’s participation in the exchange.
This announcement caps an important milestone in Nepal’s aspiration to integrate with India’s power trading. This is a big achievement for many in and out of the government who have dedicated themselves to securing Nepal’s access to India’s electricity markets.
KKR backed Virescent Infrastructure has floated the first infrastructure investment trust (InvIT) in the green power space. It will be a private Invit for which they have sought the approval for the Securities Exchange of India. It is in the process of acquiring a portfolio of operational solar assets of close to 76 MWp at different locations including Patan (Gujarat), Jodhpur (Rajasthan) and Mohaba (Uttar Pradesh). The power purchase agreements (PPAs) for these assets are with state-owned counterparties. These assets would be vested in the InvIT. The InvIT aims to achieve approximately 1.5 GW of assets in the next two to three years.