Nepal Unveils 10-Year Energy Strategy to Boost Consumption and Exports
Summary
Nepal has unveiled a 10-year energy strategy aiming to increase domestic electricity consumption to 1,500 units per capita and export 15,000 megawatts of surplus power to regional markets, enhancing economic prosperity and energy self-reliance by 2035.
Key Points
- Nepal's government launched a 10-year Energy Consumption Growth and Export Strategy aiming for 15,000 MW export and 1,500 units per capita consumption by 2035.
- The strategy targets an installed capacity of 28,500 MW, balancing domestic consumption and regional electricity exports to reduce trade deficits.
- Challenges include distribution weaknesses, infrastructure development delays, high costs, and policy conflicts with neighboring countries.
- The plan emphasizes legal reforms, private sector participation, infrastructure upgrades, and developing green energy and electric vehicle infrastructure.
