Russia has expressed its interest to invest in energy sector of Nepal

Russia has expressed its interest in investing in the energy sector of Nepal.

Aleksei A. Novikov, Ambassador of Russia to Nepal, while paying a courtesy call on Minister for Energy Barsha Man Pun here today, shared the interest in investing in Nepal’s hydro sectors. Ambassador shared that Russian banks Lanta and Musko Industrial were presenting their proposals in investing in the hydro sector.

The delegation further shared that the investment will be on Government to Government modality. On the occasion, the delegation inquired with Minister Pun about the energy laws and market in Nepal.

Responding to the query of Ambassador Novikov, Minister Pun shared that the internal and regional market of the energy was good. Minister Pun also thanked Russia for its support to Nepal in different sectors.

The delegation comprised representatives of Lanta and Musko Industrial bank, NRNA ex-chair Upendra Mahato, NRNA vice-chair Badri KC among others.