Sunday, 1st March 2015

Rs 55 billion needed to end energy crisis: Minister Gyawali

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 Minister for Energy Radha Gyawali has said that alternative energy promotion is a must to address the current lack of electricity, as Nepal requires Rs 55 billion to mitigate the overall energy crisis dogging the country.

Speaking at a press meet organized by Nawalparasi chapter of Press Chautari Nepal on Saturday, Minister Gyawali said the Ministry is in need of the required amount (Rs 55 billion) in the next fiscal year (2014/015) to address the current load-shedding problem by constructing new and repairing the old biogas, bio mass, solar and wind power projects.

“It is compulsory to promote alternative energy to address the current power-cut problems,” she said.

“If enough budget is allocated for developing alternative energy, the power-cut problem could be resolved in the next three years.”

The Energy Minister said national prosperity including the development of the agriculture and energy sectors are not possible until the current energy crisis comes to an end.

At the program, Minister Gyawali said Bangladesh, Russia, China, Pakistan and other countries have shown interest to invest in Nepal's hydropower sector.