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Hydropower: Attracting foreign investment 'Nepal's top priority'

By Yang Han in Kathmandu, Nepal | China Daily Asia | Updated: 2018-01-27 19:58
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This Jan 27, 2018 photo shows Roland Schafer, ambassador of Germany to Nepal; Sujit Acharya, chairperson of Nepal's Energy Development Council; Nepalese President Bidhya Devi Bhandari; Mashfee Binte Shams, ambassador of Bangladesh to Nepal, and Manjeev Singh Puri, ambassador of India to Nepal, at the opening ceremony of the Nepal Power Investment Summit, held at Tahachal Marg, Kathmandu, Nepal. [PHOTO PROVIDED TO CHINA DAILY]

But Nepal's hydro resource is far from fully utilized, said Bhandari. Compared with a hydro potential of 8,3000MW, the country only has a production capacity of around 1,000 MW, suggesting 99 percent of its resources are waiting to be developed.

Bhandari called upon both local and foreign investors to be actively involved in Nepal's hydropower sector. "The government is committed to create a congenial atmosphere for investment by taking due consideration of the investors' interest and real needs," she said.

Bhandari said capital, technology, market feasibility and development of cross-border transmission line will be needed for implementation of large scale projects, and the government will accord top priority to attract foreign investment in hydropower.

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