header banner
ECONOMY

Govt approves plan to generate 28,500 MW of electricity by 2035

Speaking at a press conference on Thursday, Minister Khadka said that the roadmap would create an environment conducive to investment in large hydropower projects, both domestic and foreign.
By REPUBLICA

KATHMANDU, Jan 10: Minister for Energy, Water Resources and Irrigation, Deepak Khadka, announced that the ‘Energy Development Roadmap-2081,’ aimed at generating 28,500 megawatts of electricity by 2035, has been approved by the Council of Ministers. The decision was made during a meeting held on Tuesday, December 31


Speaking at a press conference on Thursday, Minister Khadka said that the roadmap would create an environment conducive to investment in large hydropower projects, both domestic and foreign. He emphasized the government's commitment to ensuring a secure investment climate for the energy sector, aiming to generate 25,000 megawatts of electricity within the next decade.


Related story

PPAs of companies which do not generate electricity will be can...


The action plan addresses past delays in hydropower development that were caused by infrastructure issues and incomplete studies. Khadka expressed confidence that major projects would be completed within four to five years and outlined a strategy to overcome challenges such as land acquisition, environmental approvals, and coordination with the Ministry of Finance.


Similarly, the government has set up a committee to address these issues with daily monitoring. Minister Khadka said that the target of 28,500 megawatts is both scientific and achievable, aiming to boost citizen participation in hydropower production and foster an attractive investment environment.


Discussions with the Ministry of Finance are ongoing to secure necessary investments for the energy sector over the next 10 years. Khadka said that the roadmap would pave the way for a prosperous Nepal through the development of its hydropower resources.


 

Related Stories
ECONOMY

Indu Shankar, Everest sugar mills to generate elec...

SOCIETY

DPM Yadav vows to eliminate tuberculosis in Nepal...

ECONOMY

Govt finalizes USD 46.5 billion investment plan to...

ECONOMY

Lower Modi project to generate power within a mont...

ECONOMY

38.16 MW project proposal put forward at Gaindakot...