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'summary' => 'March 23: Domestic investors have expressed their willingness to invest in Upper Arun Hydropower Project if the government and promoter company were clear about not increasing the time factor and cost of this mega project. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 23: Domestic investors have expressed their willingness to invest in Upper Arun Hydropower Project if the government and promoter company were clear about not increasing the time factor and cost of this mega project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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'summary' => 'March 23: Domestic investors have expressed their willingness to invest in Upper Arun Hydropower Project if the government and promoter company were clear about not increasing the time factor and cost of this mega project. ',
'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 23: Domestic investors have expressed their willingness to invest in Upper Arun Hydropower Project if the government and promoter company were clear about not increasing the time factor and cost of this mega project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 23: Domestic investors have expressed their willingness to invest in Upper Arun Hydropower Project if the government and promoter company were clear about not increasing the time factor and cost of this mega project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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March 23: Domestic investors have expressed their willingness to invest in Upper Arun Hydropower Project if the government and promoter company were clear about not increasing the time factor and cost of this mega project.
At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security.
Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement.
Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase.
Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward.
Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits.
No market issues: Minister Bhusal
Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this"
According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project.
The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded.
No investment problem: Minister Sharma
Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others.
Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At a discussion programme organized by Nepal Electricity Authority (NEA) on Tuesday, they stressed on taking forward this project at the earliest, stating that the reservoir-based project was needed in Nepal for energy security. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Furthermore, the prospective investors viewed that the government should come up with investment modality, process of costing and guarantee of timely completion of this 1,061-megawatt project. The capacity of the project could be increased upto 1,500 megawatt through technical enhancement. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Currently, the country has only one reservoir based hydel project in Kulekhani. All sort of studies and researches have been conducted on Upper Arun hydel project and is ready for implementation phase. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Multilateral donor agencies such as the World Bank, Asian Development Bank and Asian Infrastructure Investment Bank are willing to invest in Upper Arun hydel project. The Nepal Electricity Authority has set up the Upper Arun Hydroelectricity Company, a subsidiary company, to move the project forward. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participants in the discussion included representatives from banks and financial institutions and public financial institutions among others. They reiterated their intent to invest in the Upper Arun hydel project which could yield multifaceted benefits. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No market issues: Minister Bhusal </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Participating in the discussion, Minister for Energy, Water Resources and Irrigation Pampha Bhusal assured that the local investors need not worry about the market for electricity. "We are holding talks with India politically and through diplomatic channels. The environment is being positive gradually. We will reap huge benefits from this" </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to her, China had also articulated its intent to invest in the Upper Arun hydel project and to import electricity. She assured of timely completion of the project and no increase in the cost for the project. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Minister shared that the construction entrepreneur who will complete the project on time would be rewarded. </span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong>No investment problem: Minister Sharma </strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Minister for Finance Janardan Sharma, participating in the discussion, shared that there was no issues regarding investment in hydel projects like Upper Arun. Minister Sharma mentioned that the government was ready to move ahead with reservoir-based hydel projects like Budhigandaki, Upper Arun, Mugu Hydel Project, Karnali Hydel Project among others. </span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sharma informed that share structure would be prepared ensuring investment of the locals and underscored the public participation in the project. The Finance Minister called for devising a monitoring mechanism at public level, at government level and non-government level for the project. -- RSS</span></span></p>
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'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '14978',
'hit' => '709'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117