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Started 1 week ago · Updated 1 week ago

Nepal Targets 30,000 MW Electricity by 2035, Focus on Hydropower and Export

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The government of Nepal has set an ambitious goal to generate 30,000 megawatts of electricity by 2035, with a strategy to increase domestic consumption and export surplus power. This plan involves advancing both large reservoir-based and run-of-the-river hydropower projects, alongside prioritizing the expansion of electricity transmission lines. Achieving this target necessitates policy reforms, infrastructure expansion, and institutional restructuring, which the upcoming budget aims to support.

• The Ministry of Energy, Water Resources and Irrigation is preparing the upcoming budget to support the targeted electricity generation plan.
• The Electricity Act amendment process is in its final stages and is being prepared for re-presentation to parliament, with the Renewable Energy and Energy Efficiency Bill also nearing completion.
• The government is moving forward with the restructuring and unbundling of the Nepal Electricity Authority.
• Forest-related obstructions for the 220 kV Damauli–Bharatpur transmission line, part of the Tanahun Hydropower Project, have been resolved, allowing construction to proceed after forest entry permission was granted.
• Nepal has seen a significant increase in electric vehicle sales, driven by high taxes on petrol cars and cheap electricity from hydropower, but this boom is outpacing existing infrastructure like roads and grids.