Harnessing Hydropower: Nepal's Path to Energy Independence
Vice President Ramsahay Prasad Yadav emphasized Nepal's focus on expanding hydropower as a means to achieve energy self-reliance, economic independence, and mitigate climate change impacts. The government aims to generate 28,500 MW of electricity by 2035, addressing legal and administrative hurdles to boost development.
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- Nepal
Vice President Ramsahay Prasad Yadav underscored Nepal's strategic direction towards expanding hydropower for achieving energy self-reliance, crucial to the nation’s economic independence and security. Yadav spoke at the 26th Independent Power Producers’ Association Nepal (IPPAN) Day, highlighting the importance of renewable energy in countering climate change.
He asserted that abundant energy access is vital for advancing sectors like agriculture, industry, and tourism, thereby providing employment and fostering economic prosperity. The government, striving for 28,500 MW hydropower generation in a decade, stressed overcoming legal and administrative challenges impeding sectoral progress.
The minister emphasized legal simplification to protect hydropower development. Nepal’s power trade agreements with neighboring nations mark a significant step, with future prospects to export electricity, enhancing foreign currency earnings alongside bolstered domestic energy security.
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