Chinese investors made aware on investment opportunities in Nepal’s hydropower projects
KATHMANDU: A seminar on Investment Opportunities in Hydropower Projects in Nepal was held at the Embassy of Nepal, Beijing, on Friday. The programme brought together prospective Chinese investors as well as senior officials of three hydropower-related companies of the government of Nepal for interactions on facilitating Chinese investments in Nepal’s hydropower sector, said a press release issued by the Embassy of Nepal in Beijing.
More than eighty participants including representatives of the National Energy Administration of the People’s Republic of China, and public and private sector companies, as well as government officials and media persons took part in the event.
The Minister for Energy, Water Resources and Irrigation, Barsha Man Pun ‘Ananta’ had sent a message of good wishes for the success of the seminar. In his message, the Minister said there are ample opportunities for investment and cooperation in power sector development in Nepal, and invited Chinese investors in the development of the country’s hydropower projects.
On the occasion Nepal’s Ambassador to China Leela Mani Paudyal said the year 2018 is a year of new beginnings in Nepal after the successful conclusion of three tiers of elections, paving the way for political stability and good governance. Highlighting the Government’s policy of attracting foreign investment, he called on Chinese companies and entrepreneurs to utilize the opportunity for investing in Nepal’s hydropower sector by taking full advantage of its enormous possibilities and the government’s favorable industrial and investment policies.
The seminar featured presentations on various aspects of hydro-electricity development in Nepal, and the areas for potential investments in the generation, transmission and distribution of electricity in the country.
Board Member of Electricity Generation Company, Dr. Surendra Kumar Upreti, introduced the government’s policies and legal instruments for the generation, transmission and distribution of electricity, as well as on the financing requirements and modalities of hydropower projects in the country.
Similarly, Chief Executive Officer of National Transmission Grid Company, Dr. Netra P Gyawali, focused on the investment potentials in the transmission networks to evacuate the power generated from hydropower generation stations in various parts of the country, and described the Government’s Transmission Master Plan with a target of building 1500 Transmission Lines and 20 substations by 2025.
The press statement further said CEO of Hydroelectricity Investment and Development Company, Chhabi Raj Pokhrel, outlined the strategies for resource mobilization and the company’s business models for the development of hydro-electricity projects in the country.
The seminar had constructive discussions on streamlining legal, institutional and procedural mechanisms for further attracting foreign investments in Nepal’s hydropower sector. RSS