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Govt keen to invest in hydroelectric projects in Nepal

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FT ONLINE

Bangladesh has recently proposed to invest in hydroelectric projects in Nepal to expand its power options.

“In order to meet the growing demand, we are considering Nepal a big market that can fulfil our needs,” a premier Nepalese newspaper quoted Bangladeshi Ambassador to Nepal Mashfee Binte Shams as saying recently.

According to the newspaper, the Nepalese government sent Bangladesh a list of seven possible projects after Bangladesh submitted a proposal to invest in Nepal’s hydropower sector over a year ago. No progress has been made since then.

“After the Bangladesh government’s investment comes into Nepal’s energy sector, we hope the private sector will also step forward,” the Bangladesh envoy said, adding that there were no hiccups or hindrances to exporting power from Nepal to Bangladesh.

India could obstruct cross-border transit facilities to Nepal via Bangladesh, including the import of electricity and grid expansion between the two countries.

“I don’t think that there will be a problem in importing electricity from Nepal. India is positive and has agreed to allow transmission of electricity to Bangladesh from Nepal. We are ready to import electricity from Nepal after meeting Nepal’s requirements as much as can Nepal can export to us,” she said.

“Now the situation has changed. The new sub-regional framework like the Bangladesh, Bhutan, India, Nepal (BBIN), which has already been implemented, is changing the regional landscape in the field of connectivity, trade, commerce, transit, motor vehicle, energy and grid,” she added.

-SAM/MIAH

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