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Started 1 week ago · Updated 1 week ago

Nepal to Boost Private Sector Role in Energy Production and Trade, Supreme Court Upholds India Trade Pact

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The Nepali government plans to increase private sector involvement in electricity generation, transmission, distribution, and energy trade to foster investment and strengthen the energy economy. Concurrently, the Supreme Court has upheld a 25-year electricity trade agreement with India, ruling it a commercial pact not requiring parliamentary approval and clarifying that a 10,000 MW purchase target is non-binding.

• The government aims to generate 30,000 megawatts of electricity within the next decade by revising energy, forest, land, and environmental laws and introducing a single-window system.
• Policies will protect rivers as resources for civilization, culture, biodiversity, and human existence, with scientific studies and preservation of indigenous traditions.
• Off-grid solar, wind, and micro-hydropower systems will be expanded in areas not connected to the national grid.
• Citizens affected by development projects will have the option of equity investment instead of monetary compensation.
• The Supreme Court clarified that electricity is a product, not a natural resource itself, and the trade agreement does not create legal or financial liability if Nepal cannot supply the targeted electricity.