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The Rising Nepal | Nepal's First English Broadsheet Daily. Khabarhub
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Started 1 day ago · Updated 6 hours ago

Nepal's Energy Minister Warns of Debt Risk Amidst Rising Electricity Production and Low Consumption

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Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha has warned that Nepal faces potential debt risks if domestic electricity consumption does not increase to match the rapid growth in power generation. He emphasized the need for the Department of Electricity Development to prioritize expanding consumption alongside transmission infrastructure development to prevent wastage of generated electricity and safeguard public investment.

  • The government aims to complete over a dozen strategically important transmission line projects within the next year through the Nepal Electricity Authority and the Rastriya Prasaran Grid Company.
  • Minister Shrestha highlighted the necessity of adopting new modalities for hydropower development and strengthening collaboration with other agencies for sustainable energy sector growth.
  • He stressed that the Department of Electricity Development must be more serious in issuing electricity generation licenses and regularly monitor project quality, equipment, and infrastructure.
  • The ministry is advancing a bill related to water resources, renewable energy, and energy efficiency, seeking suggestions from employees.
  • Nepal has set an ambitious target of generating 30,000 megawatts of electricity by 2035, with a significant portion already secured through ongoing and planned projects.

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Biraj Bhakta Shrestha Department of Electricity Development Rastriya Prasaran Grid Company Nepal Electricity Authority Electricity Regulation Commission

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