Minister Holds Productive Meeting with CNI to Boost Private Sector Investment in Energy Sector

In a bid to accelerate the development of Nepal’s energy sector, a productive meeting was held at Singha Durbar between the Minister of Energy, Water Resources, and Irrigation and the Confederation of Nepalese Industry (CNI) team. The discussion focused on the critical role of private sector investment in advancing the nation’s energy, renewable energy, and green energy sectors.

During the meeting, the Minister emphasized the government’s commitment to creating an industrial-friendly environment by addressing policy issues and fostering collaboration. “Our government is dedicated to overcoming challenges and fostering a cooperative atmosphere that encourages private sector investment in the energy sector,” stated the Minister.

The ambitious goal of producing 28,000 MW of electricity within the next 10 years was highlighted, underscoring the need for substantial investment and efficient project execution. The Minister assured that the government is keen on working closely with the private sector to achieve these targets, thereby boosting industrial income and ensuring tax compliance.

The meeting also delved into the necessity of providing quality electricity and exploring alternative energy sources to ensure sustainable development. The CNI representatives expressed their readiness to collaborate with the government on these fronts, pointing out that such partnerships are crucial for the nation’s progress.

The Minister acknowledged the invaluable contribution of the private sector in driving economic growth and emphasized the importance of continuous dialogue and cooperation. “By partnering with the private sector, we can address policy issues, enhance industrial income, and ensure the availability of quality electricity and alternative energy sources,” the Minister added.

The discussions also covered the strategic importance of renewable energy projects and green energy initiatives. Both parties agreed that sustainable energy solutions are pivotal for the country’s long-term development goals and environmental preservation.

This meeting marks a significant step towards strengthening the synergy between the government and the private sector. It sets the stage for future collaborations that will not only enhance the energy sector but also contribute to the overall economic prosperity of Nepal.

The government’s approach to fostering a supportive policy environment and the private sector’s commitment to investment are expected to play a key role in transforming Nepal’s energy landscape. As the nation moves forward, these collaborative efforts will be instrumental in achieving sustainable growth and energy security.