Minister demands Rs 55 bln for Energy Ministry in next FY

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    NAWALPARASI:

     

    Minister for Energy, Radha Gyawali
    Minister for Energy, Radha Gyawali

    Minister for Energy Radha Gyawali on Saturday said the nation will considerably reduce power outage in three years if her Ministry gets the budget it demanded for next fiscal year 2014/15. 

    Speaking at a press meet organised by the Press Chautari Nepal in Nawalparasi this morning, the Minister said the Energy Ministry has requested to allocate Rs 55 billion for the energy sector in the annual budget. 

    Gyawali said that amount would be invested in developing alternative energies including biogas, solar energy and wind power. 

    Claiming that 26 per cent of total energy supplied leaks currently, she shared that the government is planning to take new initiatives to control energy leakage. 

    “However, no any concrete policy is prepared for that purpose,” Gyawali admitted. 

    The Minister warned that the load-shedding hours may go up, if the Ministry cannot get sufficient budget as demanded. 

    Gyawali claimed that Bangladesh, Russia, China and Pakistan expressed their readiness to invest in hydropower and later purchase the energy. 

    Source : The Himalayan Times