General

Pun urges Israel to consider investment in energy sector

- Post Report, Kathmandu

Jul 31, 2018-

Israeli Ambassador to Nepal Benny Omer paid a courtesy call on Minister for Energy, Water Resources and Irrigation Barshaman Pun on Monday.

During the meeting held at Minister Pun’s office, the two discussed the matters relating to mutual cooperation between Nepal and Israel, among others.

According to Minister Pun’s Secretariat, stating that a new era of stability had dawned in the country following the promulgation of new constitution, the minister urged Ambassador Omer to help convince Israeli investors to invest in Nepal’s energy sector.

“There’s demand of 10,000MW of electricity for Nepal in 10 years. We have a favourable investment climate in Nepal for investors in the energy sector. Thus, I urge the Israeli investors to consider investment in this sector,” the secretariat quoted Minister Pun as saying to Ambassador Omer.

Ambassador Omer shared Israeli government’s willingness to augment cooperation between the two countries in the areas of energy and irrigation.

He said Israel was looking for stakeholders who could invest in the energy sector and reaffirmed his cooperation to the government in this regard.

Published: 31-07-2018 08:09

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