Norway announces $25m for renewable energy



     KATHMANDU, APR 16 – Norway has announced to contribute an additional 25 million US dollars to support  renewable energy and energy efficiency for Nepal’s efforts to ensure Sustainable Energy for All.

    Visiting Norwegian State Secretary, Ministry of Foreign Affairs, Mr. Morten Hoglund, said that  Norway was committed to continuing this ambitious programme of cooperation to develop Nepal’s hydropower sector, and renewable energy will remain the most important sector in the Norwegian-Nepal development cooperation.

    Organizing a news conference in the capital city before leaving for home by wrapping up his two-day visit on Wednesday, the Norwegian State Secretary said that the key sectors for bilateral development cooperation were  renewable energy , education and government governance.

    It is said that the Norwegian government has chosen Nepal to be one of 12 specifically selected countries for long-term development partnership.

    ” Norway strongly supports Nepal’s aim to graduate from the Least Developed Countries in 2022,” he added.

    Mr Hoglund pointed to  Norway ‘s experience with hydroelectricity as a driver of economic growth and development, and expressed  Norway ‘s continued commitment to support the development of clean energy and energy efficiency in Nepal.

    “Public funding alone is not enough to reach volume in energy production. A well regulated and predictable business climate is important in attracting foreign investors to the energy sector,” he argued.

    Responding to a query of RSS, Hoglund said that he found the political leadership in Nepal committed to bringing the new constitution on time.

    Norwegian Ambassador to Nepal Kjell Tormod Pettersen and other high-level officials at the Embassy of  Norway were present to see off Hoglund at Tribhuvan International Airport. 

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