Saturday, 28th February 2015

PPA in dollars against national interest: Lawmakers

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Members of Parliament have said that the power purchase agreement or PPA in dollars is against the interest of the nation.

Speaking at the meeting of the Parliament's Public Accounts Committee on Sunday, majority of the MPs said the PPAs in dollars signed for the 36 MW Bhotekoshi and 60 MW Khimti hydropower projects are against national interest.

The two projects account for two-third of the more than Rs 1 billion loss incurred by Nepal Electricity Authority annually, the lawmakers said, simultaneously calling for a review of those agreements. Likewise, they also demanded cancellation of a similar PPA reached recently for the 82 MW Lower Solu.

They also called for an explanation with full details of the PPAs from the office-bearers concerned.

In response to their demand, the senior most member of the Committee, who chaired the meeting today, Krishna Kumar Rai, noted that the Energy Ministry, the Energy Secretary and the NEA Executive Director would be summoned to the Committee's next meeting to be held within three days.

Matters relating to the mass recruitment of staff under the Ministry of Health and Population and the virement or budget transfer by the Finance Minister were also discussed during the meeting.

Lawmakers Mohan Basnet, Ramhari Khatiwada, Balkrishna Khand, Prem Bahadur Singh, Dor Prasad Upadhyaya, Dipak Khadka, Bhanu Bhakta Dhakal, Mamata Giri, Badshah Kurmi, Dipak Bohara and Haribol Gajurel, among others expressed their views today.