KATHMANDU, Nepal-Experts and power sector players said that uncertainty over consensus on the hydropower development in Nepal is the reason why it lags behind in tackling the hydropower sector.
During the Power Summit 2013 held in Kathmandu on Monday they blamed the lack of political will and policy incompatibilities for the sluggish growth of hydropower development in the country. They also suggested the government to prioritise a few projects which could be promptly developed to boost confidence among both the people and financers.
Addressing the summit, President Yadav said Nepal’s power sector development should be integrated with the neighboring countries for the benefit of the entire region. “Nepal’s skill to rein hydropower depends on how we discuss with our neighbors,” Yadav said.
On the occasion, finance Minister Shankar Prasad Koirala informed that the government has granted the top priority to the hydro power among all economic sectors.
‘Government is offering top propriety to hydro power and is working towards the simplification and amendment of the policies to boost investment in the sector’, Ghimire added.
During the programme, Energy Minister Umakant Jha said signing a Power Trade Agreement (PTA) with India is the only solution to harmonise the seasonal crisis and energy surplus. “Efforts are being made towards concluding PTA with India,” he said.
On the occasion, Norwegian Ambassador to Nepal, Alf Arne Ramslien, Chinese Ambassador to Nepal Wu Chuntai, deputy Chief of Mission at Embassy of India Jaideep Mazumdar promised to extend all possible support from their government for the hydropower development aimed at prompting Nepal’s inclusive growth.
The summit was jointly organised by IPPAN, PTC India Limited and Non-Resident Nepali Association (NRNA).