KATHMANDU, May 12: The government has proposed share investment as an option to the long-term solution to the problems witnessed in the construction of hydropower projects and the power grid.
The government's policies and programs unveiled on Monday gave top priority to the energy and water resources sector. A target has been set to generate 30,000 MW of electricity within the next 10 years.
The government incorporated the issues of revising laws related to energy, forest land and the environment and implementing a one-door system.
Local govts intensify preparations for budget, policies and pro...
The provision to provide options for share investment instead of compensation to citizens of the project-affected areas is also in place.
Programs like ensuring the private sector's participation in power production, transmission, distribution and trade, increasing internal consumption by promoting industries based on energy, and making cross-border power trade agreements as a medium of attracting long-term investment have been given high priority.
Similarly, expanding off-grid solar, air and small hydropower systems in places where there is no national grid facility, tax exemption, concessional electricity rate and implementing capital incentives and investment-friendly policy to promote strategic green industries like green hydrogen, green ammonia and chemical fertilizer have been incorporated in the policies and programmes.
The government has adopted a policy of guaranteeing irrigation facilities in the areas of Madhes/Tarai, where there is no irrigation facility through groundwater and in the hilly and mountainous areas through lift technology.
Likewise, the implementation of a policy of making a meteorological forecasting system has also been proposed.
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