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17th of October 2018

Economy



Minister Pun urges Bangladeshi investors to invest in Nepal

Ramesh Lamsal, Dhaka, Sept 6 (RSS): Minister for Energy, Hydropower and Irrigation Barshaman Pun has said that bilateral cooperation on energy sector between Nepal and Bangladesh would play a significant contribution to the development of energy sector, which would benefit both countries. 

Addressing a programme organised in Dhaka of Bangladesh today, Minister Pun the agreement regarding energy exchange signed between the two countries has begun a new chapter and added that goal should be achieved after implementing it gradually.

He stressed the need of collaboration among all in development and expansion of energy sector as there was immense potentials in Nepal.

The Energy Minster urged Bangladeshi investors and energy entrepreneurs to invest in Nepal's energy and hydropower sectors, saying that political stability has now been established in Nepal.

Minister Pun further said that the agreement forged regarding constructing BIMSTEC grid by Fourth BIMSTEC Summit held on August 30 and 31 has paved ways for power exchange in regional level.

Saying that common effort was underway between the BIMSTEC member countries to maintain energy balance in regional-level, Minister Pun said that collaboration was a must for the sustainable energy resources. The current government has set a target to generate 15,000 MW electricity in next 10 years. The Energy called the foreign investors to invest in Nepal as environment conducive for investment has been created in Nepal in recent period.

He said, "We are ready to construct the projects in any model and ready to create environment for the same." Saying Nepal has welcomed foreign investment open-heartedly, Minister Pun said that 400-KV cross border transmission line with has already come into operation.

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