Nepal Renewable Energy Programme

NREP operates in Provinces 2, Lumbini, and Karnali. The Programme is implemented by the Alternative Energy Promotion Centre (AEPC) and a consortium led by DAI Global. Measurable goals of the Programme include: Increase in installed capacity of RE by 16 MW Provision of RE to 95,000 households, 500 small businesses, and 200 schools and health centres... Leveraging of £37.2m of private and public sector investment in RE Strengthened institutional and policy reforms and improved compliance mechanisms-across Federal, Provincial, and Local governments Avoided greenhouse gas emissions, e.g., by reducing imported energy during Nepal's dry season, imported LPG for cooking, and imported diesel for back-up generators NREP adopts two support modalities which includes financial assistance in the form of a GBP 9.3M Sustainable Energy Challenge Fund with awards based on Viability Gap Funding designed to make marginally feasible projects feasible and bankable; and technical assistance in the form of RE project assessment, financing, Challenge Fund application assistance, and project transaction shaping.Read More