CPN MC Chair Dahal calls for investment in Nepal’s hydropower

KATHMANDU: CPN (Maoist Centre) Chairman and former Prime Minister, Pushpa Kamal Dahal, has said Nepal is eager to welcome more investment from Indian investors and developers in the hydropower sector. Dahal, who is currently in India for a three-day visit, said so while addressing a programme organised by the Foundation for Public Awareness and Policy (FPAP) in the Indian capital New Delhi today. Dahal said Nepal has prioritised agriculture, infrastructure, connectivity, tourism, small and medium scales enterprises (SMEs), export-oriented industries. He viewed that these sectors are the most potential ones for investment and will help economic recovery. Dahal expressed his confidence that Nepal's hydropower sector will be an "answer" to issues of energy security as well as green growth. He said the bilateral cooperation in the power sector will deliver mutual gains, Former Prime Minister Dahal recalled the Nepal-India Joint Vision Statement on Power Sector Cooperation that was issued during the visit of the Prime Minister of Nepal Sher Bahadur Deuba to India on April 2, 2022, and assured that hydropower sector will be developed on a long-term basis. Furthermore, he said the cross-border transmission line has been improved through new transmission lines while expressing the hope that it would further expand the potential of energy trade between Nepal and India. "The quantum of hydropower export from Nepal to India has increased over 360 megawatts and we look forward to bolstering this export on a long-term basis," he said and expressed his confidence that Nepal, based on the joint vision, could further explore power trading at the regional level including under the BBIN framework. By RSS READ ALSO:

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