
Similarly, prospective developers will have to pay a one-time construction license fee in the range of Rs 100,000 to Rs 5 million for projects ranging in size from one MW to over 1,000 MWs.
This is also a heavy increment from the previous fee of Rs 3,000 to less than Rs 100,000. For projects developed to sell power in the country, construction licenses are issued for a 35-year period, while for export oriented projects, construction licenses are issued for a 30-year period. After the expiry of the licenses, the projects will have to be handed over to the government.
According to Anup Kumar Upadhyay, Joint Secertary, Ministry of Water Resources, all new license seekers would have to pay according to the new fee scale and existing license holders will be brought under the new fee scale when they will renew their licenses. In the first six months of this year,
I think, it would have been better if the government officials had raised the fee gradually. I am afraid that such massive increment may discourage the small companies from starting hydro-electric projects. In the long run this would affect the country’s economy.
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there is no doubt that nepal is full of natural resources if they can utilites it properly then they will be strong in their economic sector
Posted by: animesh | September 14, 2007 2:24 PM | Permalink to Comment