Kathmandu, Feb. 19
The Ministry of Energy, Water Resources and Irrigation
(MoEWRI) has signed an agreeement with the Japan International Cooperation
Agency (JICA) for a new technical cooperation project – Integrated Power System
Development Plan of Nepal.
The
project will contribute to the acheivement of SDGs 7, ensure access to
affordable, reliable, sustainable and modern energy for all', JICA said in a
statement on Friday.
The
project aims to develop the capacity of the policy and organisational entities
necessary for smooth and sustainabe export of the electricity generated by domestic
hydropower producers to the neighbouring countries.
"The
project will also harmonise the existing Transmission Master Plan and
other plans on distribution and generation
based on the prospective project for domestic and international market
targetted to the year 2040," read the statement.
The
project will serve as a catalyst for incentivising private sector and Foreign
Direct Investment (FDI) by analysing the demand and supply forcast at different
economic growth rate and probable demand at the neighbouring market for
effective investment.
It
also aims at enforcing the rules and
regulation, and implementation of the development plan in harmonized manner
with respect to formulate the governance mechanism, vision and guiding
principle for power sector development.
Published in The Rising Nepal daily on 20 February 2021.
No comments:
Post a Comment