KATHMANDU: The government has allocated Rs. 121.97 billion for the energy and irrigation sector.
Unveiling the budget for the coming fiscal year 2021/22 on Saturday, Finance Minister Bishnu Poudel said that 1,629 MW of electricity will be connected to the national transmission line next year. He said that free electricity would be provided to the poor.
He said that a Rs 4 billion budget has been allocated for this.
He said that bilateral and multilateral energy agreements would be signed to attract hydropower investment.
He said that the 99 MW Tamakoshi project will be started next year. He said that Nepal Electricity Authority and the general public can invest in the project. He said that customs duty on import of household electrical appliances will be reduced to increase electricity consumption.
He said that the Karnali Irrigation Project will be taken forward next year, the access road will be constructed in the power project and 75 percent of the cost will be paid to the power project promoter.
He also said that the Dudhkoshi Reservoir Hydropower Project will be started and the credit rating of the Electricity Authority will be given.
He said that 375 MW of solar energy is expected to be generated next year. He has also announced to provide subsidies to the local level to produce biogas.
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