The government has urged the Japan International Cooperation Agency (JICA) to increase investment in Nepal’s energy sector.
The government urged for further investment in the context when Tanahun Seti hydropower project has reached to its construction phase. There is investment of JICA in 140 MW Tanahun Seti hydel project.
During the meeting with Director General of the South Asia Department JICA, Hara Shohei Minister for Energy, Water Resources and Irrigation, Barshaman Pun, urged this.
On the occasion, Minister Pun urged JICA to increase investment, saying the government has set a target to generate 15,000 MW power in next 10 years. He also praised JICA’s support in Nepal’s energy sector.
He said that JICA could encourage private sectors of Japan for the investment in energy sector of Nepal.
Similarly, Under-Secretary at the Energy Ministry, Sagar Gautam, expected JICA’s support in other different projects.
He said that Nepal has already established bilateral mechanism with China, India, Bangladesh and Austria for energy cooperation and added that they have been taking initiative to establish the same mechanism in Japan.
On the occasion, discussion was also held on the progress made in regional power trade of Nepal and construction of inter-country transmission line.