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Nepal Prioritizes Reservoir Hydropower Projects for Energy Security and Economic Growth

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Nepal's Energy Minister Shrestha has declared reservoir-type hydroelectric projects a national priority, emphasizing their crucial role in long-term energy security, industrial growth, and economic transformation. The government's focus will be on developing these projects, which are seen as vital for electricity generation, water management, and climate change adaptation. The minister also highlighted the need to attract domestic and foreign investment for such initiatives.

• The government aims to increase electricity production during peak hours to support industrial sectors like data centers and IT industries.
• Minister Shrestha directed the Nepal Electricity Authority (NEA) to develop an integrated model for reservoir-based projects.
• The government has set a 50-year licensing period for reservoir projects to encourage private sector participation.
• Immediate measures are needed to address social concerns and complaints from local communities regarding the Kulekhani project.
• Waste management has become a challenge due to increased tourism in the Indrasarovar region, requiring coordination with local stakeholders.