Changing from importing electricity to exporting is important: President Paydel

Noting that Nepal has opened the market for sale of 10,000 megawatts of electricity in neighboring India within 10 years, President Paidel said this He expressed confidence that there will be more investment in the sector. "With the facilitation and coordination of the government and the involvement of the private sector, it is possible to achieve the goals set for power generation," he said. He said that the expo will bring together all parties involved in energy development and help them to work hand in hand. The President also called upon all the domestic and foreign investors to move forward together in green energy development.

In the opening program, Energy Water Resources and Irrigation Minister Shakti Bahadur Basnet said As there is a lot of potential for hydropower development He said that it is an important basis for the progress of the country. The upcoming 12 The government has brought an action plan to produce 28,700 megawatts of electricity within a year. Although it may seem ambitious at first glance, it is based on reality and needs,' he said. He said that the electricity bill, which is currently being registered in the parliament and is under discussion, will be passed in the near future and will make a significant contribution to the implementation of the work plan brought by the government.

He says that the new Electricity Act will facilitate the development of hydropower projects and the investment will increase. "The government will continue to facilitate land acquisition, forestry and other procedural issues for the project," Minister Basnet said, "The government has advanced the process by addressing some Nepal Act amendments. 6 .' Now, with the construction of hydropower projects, the issue of environment and climate is also becoming complicated . He says that there should be enough discussion about this and it is being done.

Independent Power Producers Association, Nepal (IPPAN) Chairman Ganesh Karki said that 13 billion rupees have been invested in hydropower projects. "It is playing an important role in economic growth and job creation and more than 500,000 skilled, semi-skilled and unskilled people are getting jobs," he said.

Recently, he has been successful in earning foreign currency through electricity export and he says that it will continue to increase. In order to produce 28 thousand 700 megawatts of electricity held by the government, it should be facilitated in matters such as forests and land. He emphasized . Chairman Karki says that the

expo will also help for the upcoming investment conference. In order to increase foreign investment, he urged the government to make policy reforms and ease procedural problems. Hydropower project development is providing significant support to local development.

The senior vice president of IPPAN, Mohan Kumar Dangi, said that the increase in consumption within the country is a priority rather than the export of electricity. For this, all government, private sector and other stakeholders are important Mentioned that it will be . The expo, which started with the slogan 'Green Energy for Success', will end on Friday .