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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
<div>
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<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
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Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources. </div>
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The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div>
<div>
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The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div>
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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
<div>
</div>
<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
<div>
</div>
<div>
Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources. </div>
<div>
</div>
<div>
Every economic sector has already started to suffer due to regular power outage problem. Heavy load shedding has increased cost of production of domestic industries that are already hit hard by several other problems including labour unrest and forceful donation drive of the political parties. </div>
<div>
</div>
<div>
The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div>
<div>
</div>
<div>
The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div>
<div>
</div>
<div>
The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div>
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<div>
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<div>
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The government should ensure policy stability to complete the so called ‘super six’ and other projects that are already licensed and in which the promoters are enthusiastic. Completion of a few hydro projects in speedy manner can accelerate economic activities in the country. The country will not lose much in the long run if it provides incentives to companies who want to take risk by investing in hydro sector at present. The government should take initiative for fast converting the natural resources into productive economic assets to convert ‘resource curse’ into ‘resource boon’. Otherwise, the ongoing anomalies associated with the ‘resource curse’ will continue.</div>
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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
<div>
</div>
<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
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<div>
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The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div>
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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
<div>
</div>
<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
<div>
</div>
<div>
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<div>
</div>
<div>
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<div>
</div>
<div>
The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div>
<div>
</div>
<div>
The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div>
<div>
</div>
<div>
The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div>
<div>
</div>
<div>
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<div>
</div>
<div>
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<div>
</div>
<div>
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<div>
</div>
<div>
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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
<div>
</div>
<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
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</div>
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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
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Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
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The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div>
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The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div>
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The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes.
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects.
Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources.
Every economic sector has already started to suffer due to regular power outage problem. Heavy load shedding has increased cost of production of domestic industries that are already hit hard by several other problems including labour unrest and forceful donation drive of the political parties.
The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries.
The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector.
The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector.
The government should be visionary and should take investors into confidence. As the investment in hydropower is for the long-term, the government should ensure policy and interest rate stability for decades, not for a few years, for such projects.
Current bureaucracy, however, wants to create hurdles and just keep the existing problems to create space for corruption.
The government should learn from past experiences in hydro sector and should put its effort to pave the way for big projects. Couple of big projects should be brought in the stream anyhow. Otherwise the country will further plunge into power crisis.
The government should ensure policy stability to complete the so called ‘super six’ and other projects that are already licensed and in which the promoters are enthusiastic. Completion of a few hydro projects in speedy manner can accelerate economic activities in the country. The country will not lose much in the long run if it provides incentives to companies who want to take risk by investing in hydro sector at present. The government should take initiative for fast converting the natural resources into productive economic assets to convert ‘resource curse’ into ‘resource boon’. Otherwise, the ongoing anomalies associated with the ‘resource curse’ will continue.
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<div>
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<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
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The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div>
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The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div>
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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
<div>
</div>
<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
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<div>
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The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div>
<div>
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<div>
</div>
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'title' => 'Hydro Resource ‘Curse’ To ‘Boon’',
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<span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div>
<div>
</div>
<div>
Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div>
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Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources. </div>
<div>
</div>
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Every economic sector has already started to suffer due to regular power outage problem. Heavy load shedding has increased cost of production of domestic industries that are already hit hard by several other problems including labour unrest and forceful donation drive of the political parties. </div>
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The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div>
<div>
</div>
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The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div>
<div>
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The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div>
<div>
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The government should be visionary and should take investors into confidence. As the investment in hydropower is for the long-term, the government should ensure policy and interest rate stability for decades, not for a few years, for such projects. </div>
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Current bureaucracy, however, wants to create hurdles and just keep the existing problems to create space for corruption. </div>
<div>
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The government should learn from past experiences in hydro sector and should put its effort to pave the way for big projects. Couple of big projects should be brought in the stream anyhow. Otherwise the country will further plunge into power crisis. </div>
<div>
</div>
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The government should ensure policy stability to complete the so called ‘super six’ and other projects that are already licensed and in which the promoters are enthusiastic. Completion of a few hydro projects in speedy manner can accelerate economic activities in the country. The country will not lose much in the long run if it provides incentives to companies who want to take risk by investing in hydro sector at present. The government should take initiative for fast converting the natural resources into productive economic assets to convert ‘resource curse’ into ‘resource boon’. Otherwise, the ongoing anomalies associated with the ‘resource curse’ will continue.</div>
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'description' => 'The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes.',
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