PM Urges Private Sector to Invest in Hydropower Projects Confidently

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PM Urges Private Sector to Invest in Hydropower Projects Confidently

KATHMANDU: Prime Minister Pushpa Kamal Dahal has urged the private sector to invest in the country's hydropower sector with confidence in the context that the Government of Nepal has signed an agreement to export 10,000 megawatts of power to India in a decade.    
Addressing the 22nd annual general assembly of Independent Power Producers' Association of Nepal (IPPAN) on Friday, the PM said the moment to export 10,000 megawatts of power will be a historical achievement for the country's journey to prosperity.    
"We have signed a long-term agreement with neighbouring India for the export of 10,000 megawatts of electricity in 10 years. Likewise, power trade will be done with Bangladesh via India's transmission line. This is a historic success not only of Nepal's hydroelectricity sector but in terms of commitment to prosperity journey and campaign," the PM stated.    
The PM also expressed confidence that an agreement to export Nepal's electricity to Bangladesh will be signed soon.      
On the occasion, the PM shared that the government is effortful for promoting different programmes to increase power consumption in the domestic market besides the power export.     
He said the government is considering to promote electric vehicles and appliances to reduce the import of petroleum products and to increase the domestic consumption of electricity.    
In his speech, the PM viewed electricity as the most important sector for the country's development and prosperity, and appreciated the role of the private sector in scaling up power production. -- RSS


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