‘Govt committed to end power cut’

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    Kathmandu, May 13:

    Ram-sharan-MahatFinance Minister Dr. Ram Sharan Mahat Tuesday said that the government was committed to end the regular power cut (load-shedding) in the country.

    Finance Minister Mahat made these remarks while laying foundation stone of the Inland Revenue Department building in Birgunj today.

    According to the Ministry of Finance, Dr. Mahat said that the incumbent government was solely focused to end the existing power outage.

    He called for support from the people from every walks of lives for making Nepal’s economy strong.

    Stating that the prosperity and strong economy would remove the tag of poor country, he said that the government was effortful to achieve this goal by 2022.

    He said that the country would not achieve development goals unless it is economically sound. He further asked the taxpayers to pay tax to make the economy stronger.

    He said that the government was working to reduce dependency and attract foreign direct investment in the country.

    Stating that the economic growth rate of the country is increasing, he said that the government was working to bring mega projects to end the existing power outage in the country.

    He suggested that the government officials should not harass the entrepreneurs and the private sector in the name of collecting taxes.

    Speaking at another programme, Finance Minister Dr. Mahat reiterated that the state is working to end the existing power outage in the country.

    Speaking at a programme organized to mark annual general meeting of the Nepal German Chamber of Commerce (NGCCI) on Monday evening, Finance Minister Dr. Mahat said that the government was working to unleash the complicatedness in power purchasing agreement (PPA) of large hydropower projects and bring huge amount of FDI for hydropower development.

    “The investment climate is improving following the second Constituent Assembly (CA) election in November last year. The country will get a new constitution within a year and it will create conducive environment for business,” he said.

    He assured that the government was ready to provide necessary facilities to attract FDI in the hydropower development sector.

    Pradeep Jung Pandey, president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), urged the government to end existing power crisis and said that the private sector was ready to extend its support in this regard.

    He urged the government to construct transmission lines as the lack of transmission lines had remained a crucial bottleneck in hydropower development.

    NGCCI President Gopal Sundar Kakshapati and German Ambassador to Nepal Frank Meyke also spoke on the occasion.

    Source : The Rising Nepal