Australia willing to invest in Nepal's energy sector
KATHMANDU: Minister for Energy, Water Resources and Irrigation, Barshaman Pun and Australian Ambassador to Nepal, Peter Budd held discussion on the matters of collaboration in energy and hydropower sectors.
During the meeting held at Energy Ministry, Pun shared that he had issued a white paper for overall development of energy and hydropower sectors after assuming the ministerial berth.
He further said that the government has set a target to produce electricity of 15,000 megawatt within 10 years.
The Energy Minister sought cooperation from the Australian government to fulfill the need of further investment in development of energy sector. Minister Pun also thanked the Australian government in acknowledgement of its support for the development of different sectors in Nepal.
Similarly, the Envoy said that the Australian government was ready to provide technical support to the Energy Ministry while expressing willingness to work for Nepal's energy sector.
Ambassador Budd also shared that an Australian company had shown willingness to establish 300 megawatt solar-powered system in Nepal.
On the occasion, Managing Director of Electricity Production Company under the Energy Ministry, Mohan Raj Panta and officer of Australian Development Cooperation signed a 12-point agreement for technical support.