PMO Secy invites foreign investment in hydropower

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    KATHMANDU:

    krishna-hari-baskotaSecretary at the Office of the Prime Minister and Council of Ministers (OPMCM) Krishna Hari Banskota has attracted the national and international investors to come up with appropriate proposals to invest in Nepal’s hydropower sector.

    Speaking at a programme in the Capital on Wednesday, Secretary Banskota said that the government is ready to hold discussions over productive proposals concerning the investment in power generation in the country.

    Stating that Nepal’s bureaucratic structure and policies are investment-friendly, Banskota stressed on the huge ‘unexplored’ potential the country carries in hydropower generation.

    Banskota also highlighted the need to consider the environmental aspects while building up hydro projects. “For the generation of hydropower between 5,000 MW to 10,000 MW, investors will have to first identify areas containing rivers without any human settlements nearby,” he said.

    According to Banskota, while a board under Prime Minister himself looks over investments over Rs 10 billion, and hydropower projects generating more than 500 MW electricity, the projects ranging between Rs 2 billion and Rs 10 billion is facilitated by Ministry of Industry and Commerce.

    Source : The Himalayan Times