Govt mulls donors’ conference for investment in energy

    KATHMANDU, March 10: The government is set to host a conference of the international donors for investment in Nepal’s energy sector with a goal of generating 10,000 megawatts of electricity in a decade.

    The government has started necessary preparatory works for development and expansion of the energy sector although the date of the conference is yet to be determined.

    The World Bank (WB), Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), German Development Cooperation, Kuwaiti Fund, Saudi Fund and the European Bank among others are the forerunners in investment in the energy sector of the country.

    The government during mid February had made an announcement of ending energy crisis through energy sector upgradation. Works have started in advancing the government’s commitment at the policy level and in practical terms.

    The Ministry of Energy which has set its eyes on transmission line construction, regulating Power Purchase Agreement (PPA), Electricity Act and Regulation Commission related Act, controlling electricity theft and regulation act is starting preparation for the donors’ conference.

    Energy Ministry’s Spokesperson, Dr Sanjaya Sharma, said the participants at the conference will be familiarized with Nepal’s contemporary energy sector situation, investment prospects and opportunity. The government has pledged to ramp up energy sector development in the wake of the promulgation of the new constitution and gradual stability coming to the country.