PM for foreign investment to meet energy demand
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KATHMANDU, OCT 13 - Prime Minister Baburam Bhattarai on Thursday said international investment was essential to meet the energy demand of the country.
Addressing a programme organised by the Nepal Energy Investors Forum in the Capital today, PM Bhattarai said that Nepal was not being able to allure adequate investment despite enormous potentiality of energy.
PM Bhattarai further said that the government was ready to provide security if any international sectors were interested to invest in the country.
“The Government of Nepal is resolute in matters of maintaining law and order everywhere in the country. Sufficient security arrangement will be made in power project sites whenever necessary,” he said.
Addressing the same program, Vice-chairman of the Asian Development Bank (ADB), Xiaoyu Zhao, said that the forum could play a vital role in improving investments for energy in Nepal. He said that ADB is ready to collaborate with the government of Nepal to develop the physical infrastructure for the development of energy sector in Nepal.
The two-day program, organised under the coordination of ADB, in association with the Ministry of Energy and Alternative Energy Promotion Centre (AEPC), hosts around 300 energy experts from over 15 countries.
Energy Minister Balananda Poudel said that the forum has vowed to collect recommendations and ideas for the development of foreign investment in Nepal. After the convention various international groups of experts are scheduled to visit various rivers of Nepal.
The programme is being organised with the theme, “Nepal’s Hydropower Sector: New Development, Investment Opportunities and Challenges.”
Posted on: 2011-10-13 02:37
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