KATHMANDU: Home Affairs Minister, Narayan Kaji Shrestha, has emphasized that hydroelectricity is the major means for reducing trade deficit and taking the country ahead towards prosperity, and the government has kept it in main priority.
Addressing a program organized on the occasion of the 24th anniversary of the Independent Power Producers’ Association, Nepal (IPPAN) here today, he said the country’s energy sector can take a leap only through a meaningful initiative of the government and the private sector.
DPM Shrestha stressed on the need of increasing the consumption of energy within the country, stating that the government is effortful in reducing the trade deficit by selling the surplus power.
Reiterating that the government is committed to creating an environment conducive for investment in the energy sector, he said the present government is active in realizing the desire of Nepali people for economic prosperity.
“Economic prosperity, social justice and good governance are the main priorities of the government,” he said.
Stating that Investment Summit is being held in coming April, DPM Shrestha maintained the bodies concerned would be consulted for legal and structural improvements for bringing foreign investment in the energy sector.
According to him, although an agreement has been made to export 10,000 megawatts electricity to India in 10 years, the topic of increasing the domestic consumption of power is the major priority.
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