Minister Pun urges foreign investment in Nepal’s energy sector

UAE: Minister for Energy, Water Resources and Irrigation, Barsha Man Pun, who is on a United Arab Emirates visit, today held a meeting with Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) in the UAE.

The meeting focused on various aspects of renewable energy of Nepal, said Durga Prasad Chapagain, chief personal secretary of minister Pun.

On the occasion, the minister put forward a cooperation proposal in the development of renewal energy of Nepal, while thanking General Director Camera for inviting Nepal to participate in an international renewal energy conference in the UAE, he said.

He also urged foreign investment in energy sector of Nepal, stating that the country has created an environment conducive for foreign investment following a stable government led by Nepal Communist Party.

The Government of Nepal aims to produce 15,000 megawatts electricity in the next 10 years, of which solar energy contributes 10 to 15 percent, he asserted. The government has established the Alternative Energy Promotion Centre (AEPC) for the development of solar energy.

In response, director general Camera pledged IRENA’s technical and financial help for the development of solar energy in Nepal as a member state.

He also praised Nepal as according high-priority to the development of solar energy. Executive Director for the AEPC, Madhu Sudhan Adhikari was also present on the occasion.

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