Government Prioritizes Energy, Water Resources, and Irrigation in Upcoming Budget
Summary
The Nepal government has prioritized energy production, water resources, and irrigation in the upcoming fiscal year's budget, allocating Rs 114.02 billion and planning major infrastructure projects including hydropower and irrigation expansion.
Key Points
- The government allocated Rs 114.02 billion for energy, water resources, and irrigation in the upcoming fiscal year.
- A total of 1,040 MW electricity addition is targeted, with 670 MW from hydropower and 370 MW from solar projects.
- The Electricity Authority will be restructured into three companies: production, transmission and distribution, trade.
- Significant irrigation projects received budget allocations aiming to increase irrigated land by 15,800 hectares, raising the irrigation ratio to 64 percent.
