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Nepal’s Hydropower The Cheapest In South Asia

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nepals hydropower

Gyanendra Lal Pradhan, Chairperson at Energy Committee of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has said that the hydroelectricity produced in Nepal is 18 per cent cheaper than in any other South Asian country. He Speaking at the conference on Nepal-India Foreign Policy organised recently in Kathmandu requested investors to take this as an opportunity and make investments.

Pointing out that the South Asia has the prospect to generate 450 thousand Megawatts of electricity, he lamented at the dismally low utilisation of this capacity. Only 10 per cent of that potential is used so far, he said.

He added that the prospects are not harnessed because of missing coordination between the countries in South Asia. Indian Ambassador to Nepal, Jayant Prasad, said that India wishes to see Nepal prosper economically by making investment here. He also said that hydropower is relatively safe area of investment than other sectors. He promised that India is ready to join hands with Nepal in every development programmes.  

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