KATHMANDU, April 18: Energy minister Janardan Sharma has unveiled an ambitious plan to produce 17000 MW within the next seven years.
"We can start hydropower projects producing altogether 17000 MW within the next seven years”, said Energy minister Sharma. He added “ It is possible to run such projects drawing on the fund collected from such various means as international investment, government capital, financial institutions and Nepali investors living in Nepal and abroad.”
Speaking at an interaction program entitled “The Impact of Electricity Supply on the whole Economy” on Monday in the capital, Sharma claimed that if Nepal succeeded in achieving this electricity goal, its growth rate would reach 10 percent.
Earlier, a plan to produce 10000 MW within the next ten years had been unveiled. Going one step ahead of the earlier plan, Sharma asserted that it was possible to produce 20,000 MW within the next 10 years basing his claim on the fact that many hydropower projects are currently in operation.