Prime Minister Pushpa Kamal Dahal, also known as ‘Prachanda,’ has urged the private sector to invest confidently in Nepal’s hydropower sector. Speaking at the 22nd annual general assembly of the Independent Power Producers’ Association, Nepal (IPPAN), the Prime Minister highlighted a significant milestone: the signing of an agreement with India to export 10,000 megawatts of power from Nepal over the next decade.
Emphasizing the importance of this agreement, Prime Minister Dahal noted that it opens avenues for power trade with Bangladesh through India’s transmission lines. He credited his premiership for creating such vital opportunities, labeling it as a landmark success not only for Nepal’s hydroelectricity sector but also for the broader campaign for prosperity.
Prime Minister Dahal expressed optimism about reaching a similar agreement with Bangladesh in the near future to export Nepal’s electricity. Additionally, he outlined the government’s efforts to boost domestic power consumption, including initiatives to promote electric vehicles and appliances. These measures aim to reduce reliance on imported petroleum products and increase the utilization of domestically produced electricity.
In his address, the Prime Minister underscored the pivotal role of the electricity sector in driving Nepal’s development and prosperity. He commended the private sector for its contribution to scaling up power production and emphasized the government’s commitment to supporting and facilitating further growth in this critical sector.