Govt must be clear on harnessing hydropower: Private sector

The private sector has on Monday urged the government to adopt necessary measures to ensure an investment-friendly environment to attract investment in the hydropower sector, according to media reports.

Speaking during a hydropower symposium titled "Vision 2020: A Vision for Hydropower Growth" organized by Federation of Nepalese Chamber of Commerce and Industries (FNCCI), its president Kush Kumar Joshi said, "The government has highly prioritized the hydropower sector in its plans and
policies. But, it is mandatory for it to come up with concentrated measures to propel the potential investors to invest in the sector."

Other participants of the symposium were also of the view that the concerned authorities lack focused and well-defined vision on how to achieve its goal of generating 10,000 MW of power within the next ten years.

Nevertheless, the high level government officials informed that the government is well on its way to harness the hydropower sector by bringing greater efficiency in the process of issuing license for the hydropower related projects.

It is learnt that the government has already issued license for some projects to produce about 13,000 MW. nepalnews.com nd Nov 25 08

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