Monday, January 16, 2017

UAE urged to invest in Nepal’s hydropower sector


Prime Minister Pushpa Kamal Dahal addresses 10th World Future Energy Summit-2017 held at the Energy Ministry in Abu Dhabi, the capital city of UAE, on Monday, January 16, 2017. Photo: PM’s Secretariat



KATHMANDU: Minister for Energy Janardan Sharma has urged Energy Minister of the United Arab Emirates (UAE) Suhail Al Mazroui to invest in the hydropower sector of Nepal.


In a meeting held at the Energy Ministry in Abu Dhabi, the capital city of UAE, on Monday, Minister Sharma asked his UAE counterpart to flow investment to hydropower production in Nepal, shared Attaché of Nepal’s Embassy to UAE, Keshab Raj Pokharel.


Minister Sharma, who reached there to participate in the 10th World Future Energy Summit-2017, urged the UAE government to make investment as the hydropower sector has high growth potentiality for next hundred years.


On the occasion, the UAE Minister Mazroui also expressed their willingness to make investment in the hydropower, agriculture and tourism in Nepal and recommended his Nepali counterpart to focus hydro and solar energy in an integrated manner for the sustainable energy development in Nepal.


Prime Minister Pushpa Kamal Dahal and Minister for Energy Sharma are taking part in the Summit on behalf of Nepal.


The Summit would discuss the implementation of the plan to increase the production of bio gas and solar energy to 90 per cent and limiting production of other energy to 10 per cent.


Heads of the state and government, and ministers from 150 nations are taking part in the weeklong Summit.



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