From Rivers to Riches: How Nepal Can Build a Clean Energy Economy for the Future
Summary
Nepal possesses vast hydropower potential which could transform it into a clean energy economy, reducing reliance on fossil fuel imports and fostering industrial growth through electrification and innovation.
Key Points
- Nepal has an estimated 83,000 MW of untapped hydropower potential, among the highest per capita globally.
- Despite growing electricity production, Nepal heavily depends on imported fossil fuels, especially petroleum.
- Scaling domestic electrification, including electric vehicles and electric cooking, can significantly reduce fossil fuel imports.
- Developing hydrogen-based fertilizer industries and energy-based industrial zones can create jobs and diversify Nepal's economy.
