Nepal's energy sector needs to invest 46 billion, according to IPPAN President Karki

According to Ganesh Karki, Chairman of the Independent Energy Producers Association of Nepal (IPPAN), Nepal's energy sector requires an investment of 46 billion. Speaking at the 'Energy and Water Resources' session of the Nepal Infrastructure Summit, which was held in Kathmandu on the second day, Chairman Karki estimated that the cost of generating 28,500 megawatts would be 46 billion rupees.

 According to Karki, there are chances in Nepal's energy sector, ranging from making the essential machinery to investing funds. He predicts that there will be excellent prospects for additional energy-related businesses.

46 trillion rupees must be invested in order to produce 28,000 megawatts. He stated that banks have enormous investment opportunities, but suppliers, designers, consultants, and insurance and reinsurance all have enormous opportunities. Additionally, he stated that policy reforms by the government are vital for the advancement of Nepal's energy infrastructure.

We may now finish one project and interact with 14 ministries and over 40 departments. The goal stated by the government is to produce 28,000 megawatts. President Karki stated, "An environment that operates through a one-door system should be created in order to fulfill the dream of producing 28 thousand megawatts."

Karki added that transmission line deficiencies cause electricity to be wasted, despite the fact that several electricity projects have been finished. According to him, the government ought to entrust the private sector with building transmission lines for that reason.

In a similar vein, he asserted that the government ought to establish regulations allowing the private sector in Nepal to trade in energy so that it may readily transact with Indian and Bangladeshi businesses and sell electricity.

Dr. Ram Prasad Dhital, the chairman of the Electricity Regulation Commission, stated that the regulatory framework will help the private sector. Chairman Dhital further stated that the commission works toward open access, a competitive market, and a whaling charge.

The 216 megawatt project being built by the foreign-invested Nepal Water and Energy Development Company is being built by conquering numerous obstacles at different phases in collaboration with numerous Nepali agencies, according to Yongjing Hong, the company's chief executive officer.

According to Sujata Gupta, the Energy industry Officer at the Asian Development Bank (ADB), the ADB has already committed 40% of its funds to building transmission lines in Nepal and intends to invest an additional 1.5 billion dollars in the energy industry over the course of the next five years.

During the session, IPPAN consultant Kumar Pandey presented the working paper and discussed the difficulties promoters encounter when starting projects in Nepal. Keshawadhwaj Adhikari, a different working paper presenter, provided information on how, despite having an abundance of water resources, Nepal lags behind other countries in terms of energy production and consumption.