Print Edition - 2015-07-14 | News
USAID launches hydro dev project
Jul 13, 2015-
The US Embassy in Nepal, through the US Agency for International Development (USAID), on Monday announced the launch of Nepal Hydropower Development Project (NHDP).
The five-year, $9.8 million project implemented by Deloitte Consulting LLP will support Nepal government’s efforts to expand the country’s access to modern, high-quality hydropower services and become an energy exporter in South Asia. Working with the Investment Board of Nepal (IBN), the Nepal Electric Authority (NEA) and the Ministry of Energy (MOE), the project will help facilitate private sector investment in hydropower resources in an environmentally and socially sustainable manner. The project will also support the restructuring of the electricity sector to create viable, efficient national power services and promote expanded electricity trade with India.
“The work under NHDP is a key element of the US government’s support of power sector development in Nepal. Successful private sector engagement will play a pivotal role in expanding Nepal’s hydropower sector while increasing the amount of energy available for use in Nepal and for regional exports,” US Ambassador to Nepal Peter W Bodde stated in a statement.
The project aims at economic growth, job creation, and higher export revenues through electricity sales.
Published: 14-07-2015 07:36