Energy Minister Directs Acceleration of Budget Implementation Amidst Low Financial Progress
Summary
Energy Minister Biraj Bhakta Shrestha has ordered subordinate bodies to speed up budget and program implementation as the ministry’s financial progress remains low. The ministry reported just 3.08 percent financial progress so far this fiscal year, along with updates on bills, regulations, and plans for private sector participation in electricity projects.
Key Points
- Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha urged subordinate bodies to accelerate budget implementation and end the practice of spending heavily at the end of the fiscal year.
- The ministry said its financial progress has reached only 3.08 percent after two and a half months of the fiscal year.
- Shrestha called for stronger coordination, timely tenders and agreements, and greater accountability across the ministry and its agencies.
- The meeting also reviewed progress on water resources and renewable energy bills, electricity regulations, the Budhigandaki Development Authority concept, and private-sector participation in power transmission and trading.
