Energy key to Nepal's economic transformation, industrial growth: PM Shah
Summary
Prime Minister Balendra Shah emphasized the central role of the energy sector in Nepal's economic transformation and pledged government support to address challenges in private hydropower development.
Key Points
- Prime Minister Balendra Shah stated that the energy sector is vital for Nepal's economic transformation, industrialization, job creation, and green growth.
- The government is committed to resolving challenges faced by private hydropower developers, including investment and production issues.
- Discussions included accelerating hydropower development, promoting private investment, and expanding the sector's contribution to the national economy.
- IPPAN representatives highlighted concerns about delays in power purchase agreements and other bureaucratic obstacles affecting hydropower projects.
