U.S. ambassador calls for investments in Nepalese hydroelectric power sector

Nepal Flags

A recent conference call hosted by United States Ambassador to Nepal Peter Bodde is hoped to generate American interest in the south Asian country's hydroelectric power market, according to the U.S. Embassy.

A dozen companies, representing both generation and infrastructure sectors of the hydropower industry, participated in the call in which Bodde gave an overview of Nepal's economic and business climate.

A number of American companies have expressed interest in investing in Nepal's hydroelectric sector, Bodde said, adding that the U.S. Embassy is eager to assist them invest in Nepal.

The embassy said the country has the world's second-highest hydropower potential, though less than 1% of its resources have been developed.

"Nepal has enormous hydropower potential and the time to engage with this sector is now," Bodde said.

HydroWorld.com has recently reported on Nepal's 140-MW Tanahu, 14-MW Kulekhani 3, and 101-MW Tamor-Mewa hydropower plants -- all of which are in development.

For more news from Asia, visit here.

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