Nepal Electricity Authority Urges International Partners to Boost Investment in Nepal's Energy Sector

Mon, Mar 4, 2024 2:02 PM on Latest, National,

The Nepal Electricity Authority (NEA) has urged international development partners, including Switzerland, the United Kingdom, the United States, the European Union, the World Bank, and the Asian Development Bank, to increase investment in the country's energy sector. The NEA specifically called for support in energy production, transmission, distribution, expansion, and reform.

A monitoring team, including Swiss Ambassador Danielle Meuwly, World Bank Country Director Faris Hadad-Zerbos, ADB's Resident Mission Director Arnaud Cauchois, and representatives from the EU and USAID, visited the 220-KV New Butwal Sub-Station in Nawalparasi, constructed under the Kaligandaki Corridor 220 KV transmission line project with investments from the Government of Nepal (GoN), NEA, and a concessional loan from ADB.

NEA Managing Director Kulman Ghising emphasized the need for over $13 billion in investments over the next 5-6 years for hydropower generation, transmission, distribution, and infrastructure for electricity export to neighboring countries. World Bank Country Director Faris highlighted the Bank's investment in the 1,063 MW Upper Arun Hydropower Project, nearing completion, while ADB's Resident Mission Director Arnaud noted progress in the 635 MW Dudhkoshi Reservoir Hydropower Project.

The Kaligandaki Corridor 220 kV transmission line and substations aim to integrate electricity from hydropower projects into the national system. Additionally, the construction of the new Butwal-Gorakhpur 400 kV transmission line for power trade with India is underway, enhancing regional energy cooperation.

NEA urged international partners to increase assistance in the energy sector, emphasizing the necessity of mega investments for infrastructure and electricity export.