February 22, 2024, Thursday
Nepal 1:37:26 pm

Development of hydropower will also benefit our neighbours: PM Prachanda

The Nepal Weekly
June 12, 2023

Prime Minister Pushpakamal Dahal “Prachanda” has said that Nepal’s hydro-power development will also be beneficial for neighbouring countries including India and Bangladesh. The increase in production of hydropower will help development of green and clean energy and help minimize the impacts of climate change in the South Asia region, the Prime Minister pointed during his meeting with Martin Raiser, World Bank Regional Vice President for South Asia at the Prime Minister’s Office at Singhadurbar on Friday. The people in the world will also be benefited directly or indirectly if we focus our attention towards the development of hydropower, he added.

He also recalled his meeting with Indian Prime Minister Narendra Modi in Delhi during his recently concluded visit to India, in which the Indian Prime Minister expressed commitment to import 10,000MW clean energy from Nepal in the next ten years. “THis has opened new door for hydropower development,” pointed out Prime Minister Prachanda.

The two also recalled more than six decades of cooperation between Nepal and the World bank and discussed Nepal’s problems related to development process including the challenges posed by climate change and the possibilities of green development, according to sources close to the Prime Minister.

On the occasion the Prime Minister also expressed gratitude to the World Bank for coordinating in managing financial sources for the development of Upper Arun hydropower project, which is a priority project of Nepal government.

During the occasion WB Vice President Martin said that the World Bank is always prepared for providing assistance to Nepal government in its efforts to attain social and economic development He also expressed the World Bank’s commitment to help Nepal in the areas of reforms.