Govt to raise investment in green energy sector

Published On: May 30, 2023 01:30 PM NPT By: Republica  | @RepublicaNepal


Govt to raise investment in green energy sector

KATHMANDU, May 30: The government has announced to raise investable capital through new financial instruments such as local currency-based green bonds and energy bonds to invest in large and reservoir-based hydropower projects, transmission lines and other infrastructure in the coming year.

The government has mentioned that the ‘Make in Nepal’ and ‘Made in Nepal’ campaigns promoted by the private sector will be encouraged to promote and expand indigenous production. 

The capital, technology, experience and skills of non-resident Nepalis will be mobilized with priority for national development, according to the new budget for the Fiscal Year (FY) 2023/24.

 

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