Nepal to reveal hydropower action plan soon
Wednesday, 26 November 2008
KATHMANDU, Nov. 25 (Xinhua): The Nepali government will soon reveal an action plan on hydropower which would help meet the envisaged target of generating 10,000 MW by 2020, state- owned newspaper The Rising Nepal reported today.
Nepali Water Resources Minister Bishnu Prasad Poudel was quoted by the daily as saying that his ministry was planning the plan, and the government was fully committed towards the target and preparing effective policy to speed up the hydropower generation.
Speaking on "Vision 2020: A Vision for Hydropower Growth", a symposium organized by the Federation of Nepalese Chambers of Commerce and Industry on Monday, Poudel also said that the Nepali government would ensure business friendly environment to the private and foreign investors who are interested in hydropower sector.
"Foreign investors are interested to invest in the hydropower sector," he said, adding that the government was capable of securing the foreign investments. "We will create a transparent working policy feasible to the private sector and the foreign investors," he said.
He said that the recent operation of the mid-Marshyangdi and the power purchased through India would give some relief to the existing severe power shortage.
Nepali Water Resources Minister Bishnu Prasad Poudel was quoted by the daily as saying that his ministry was planning the plan, and the government was fully committed towards the target and preparing effective policy to speed up the hydropower generation.
Speaking on "Vision 2020: A Vision for Hydropower Growth", a symposium organized by the Federation of Nepalese Chambers of Commerce and Industry on Monday, Poudel also said that the Nepali government would ensure business friendly environment to the private and foreign investors who are interested in hydropower sector.
"Foreign investors are interested to invest in the hydropower sector," he said, adding that the government was capable of securing the foreign investments. "We will create a transparent working policy feasible to the private sector and the foreign investors," he said.
He said that the recent operation of the mid-Marshyangdi and the power purchased through India would give some relief to the existing severe power shortage.