KATHMANDU: The Nepal Electricity Authority (NEA) has seized bid bonds from two hydropower project promoters after they failed to generate electricity as agreed.
The Commission for the Investigation of Abuse of Authority (CIAA) on August 29 had written to the Authority urging cancellation of survey and electricity generation licence of those who failed to generate electricity as stated in the Required Commercial Operation date (RCOD) of the Power purchase agreement (PPA).
