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Renewable energy perspective plan of nepal 200-2020 an ... - SNV

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<strong>energy</strong> technology.<br />

c) An income tax holiday <strong>of</strong> 15 years as in the case <strong>of</strong> electricity generation (larger<br />

hydro) will be affected for <strong>energy</strong> production using renewable <strong>energy</strong><br />

technologies. Moreover, measures will be taken to extend social mobilization<br />

approach for resource mobilization required for the development <strong>of</strong> RET.<br />

d) Private sector investment including local <strong>an</strong>d foreign will be allowed to develop<br />

rural <strong>energy</strong> resources. Appropriate policy, acts <strong>an</strong>d rules will be formulated to<br />

encourage private sector investment in rural <strong>energy</strong> development on commercial<br />

basis.<br />

e) Provision <strong>of</strong> buying power generated by micro <strong>an</strong>d mini hydro <strong>of</strong> capacity up to<br />

1.000 kW by the NEA grid will be simplified <strong>an</strong>d implemented.<br />

f) In order to provide level ground for competition with conventional <strong>energy</strong>, a<br />

suitable subsidy scheme <strong>an</strong>d other policy measures on tax. fiscal incentives <strong>an</strong>d<br />

pricing will be adopted.<br />

g) Further, subsidy policy framework will be required to internalize social benefit<br />

accrued from private investment in RETs. to address regional disparity in<br />

development <strong>an</strong>d social equity.

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