KATHMANDU, June 11: The government has urged the Japan International Cooperation Agency (JICA) to increase investment in Nepal's energy sector. The government urged at the time when Tanahun Seti hydropower project is likely to start its construction.
JICA has invested in 140 MW Tanahun Seti hydel project. During the meeting with Director General of the South Asia Department JICA, Hara Shohei Minister for Energy, Water Resources and irrigation, Barshaman Pun, urged the organization to focus on the hydropower sector. During the meeting, Minister Pun urged JICA to increase investment, saying the government has set a target to generate 15,000 MW power in next 10 years.
Minister Pun urges Japanese govt for investment in energy secto...
He also praised JICA's support in Nepal's energy sector. He said that JICA could encourage private sectors of Japan for the investment in the energy sector of Nepal. Similarly, Under-Secretary at the Energy Ministry, Sagar Gautam, expected JICA's support in other different projects. He said that Nepal has already established a bilateral mechanism with China, India, Bangladesh and Austria for energy cooperation and added that they have been taking the initiative to establish the same mechanism in Japan.
On the occasion, the discussion was also held on the progress made in regional power trade of Nepal and construction of inter-country transmission line.
