The Indian Government said it is willing to invest in Nepal’s potential hydropower sector and help the nation in developing its renewable energy resources.
Minister for New and Renewable Energy Farooq Abdullah suggested Nepal had great potential for enhancing its use of renewable energy resources, particularly hydro, solar and biomass.
He called for co-operation between the two countries to ease the power situation at the inauguration of the India INVESTRADE in Nepal – an exposition and buyer seller meet on electrical equipment and the energy sector.
Calling it a “win-win proposal”, Mr Abdullah also urged Indian exhibitors to “work closely” with their Nepali counterparts to help the Himalayan country develop its untapped energy potential.
Nepal is rich in water resources with the potential to generate 83,000MW of hydropower.