The central bank has directed banks and financial institutions (BFIs) to give priority in issuing loans to establish charging stations for the promotion of electric vehicles (EVs).
The central bank – issuing a directive to BFIs,, which has given priority in lending for charging stations for EVs as a priority area for disbursing loans in line with the government move to increase electricity generation and simultaneously increase the use of electric vehicles too – directed the BFIs to accord priority to providing loans for the construction of charging stations as hydropower is a renewable energy and will play a vital role in the public transport sector.
The government is aiming at increasing the volume of electric vehicles across the country by 30 per cent within the next 10 years. Meanwhile, Nepal Electricity Authority (NEA) has also started the process to construct 50 charging stations in Kathmandu valley and along major highways.
Earlier, Ministry of Energy, Water Resources and Irrigation had – on August 29 – also drafted guidelines to set up more than 200 EVs charging stations to prioritise EVs to maximise the use of electricity.
According to the ‘operational guideline of electric vehicle and establishment of charging stations’, the NEA will be responsible for giving approvals to set up charging stations, ensure uninterrupted power supply and monitor their security and leakage. “The power utility will also be responsible for determining service charge, testing and authenticating the charging stations.”
The central bank – issuing a directive to BFIs,, which has given priority in lending for charging stations for EVs as a priority area for disbursing loans in line with the government move to increase electricity generation and simultaneously increase the use of electric vehicles too – directed the BFIs to accord priority to providing loans for the construction of charging stations as hydropower is a renewable energy and will play a vital role in the public transport sector.
The government is aiming at increasing the volume of electric vehicles across the country by 30 per cent within the next 10 years. Meanwhile, Nepal Electricity Authority (NEA) has also started the process to construct 50 charging stations in Kathmandu valley and along major highways.
Earlier, Ministry of Energy, Water Resources and Irrigation had – on August 29 – also drafted guidelines to set up more than 200 EVs charging stations to prioritise EVs to maximise the use of electricity.
According to the ‘operational guideline of electric vehicle and establishment of charging stations’, the NEA will be responsible for giving approvals to set up charging stations, ensure uninterrupted power supply and monitor their security and leakage. “The power utility will also be responsible for determining service charge, testing and authenticating the charging stations.”
1 comment:
Thanks for sharing your post with us i like your post. Kanakia Panvel offered apartments in Panvel, Mumbai comprising much accessibility. Example- swimming pool, 24Hrs. electricity, and playground, kitchen and god temple.
Post a Comment