Progress on the Bill Concerning Water Resources, Renewable Energy, and Energy Efficiency
May 26, Kathmandu — The Ministry of Energy, Water Resources and Irrigation is advancing the bill related to water resources, renewable energy, and energy efficiency. Minister Biraj Bhakta Shrestha emphasized the necessity of gathering suggestions on this bill. He made this request during discussions with employees of the Department of Electricity Development and the Electricity Regulatory Commission. He also reaffirmed the commitment to prevent wastage of generated electricity and to safeguard public investments.
The minister provided information that in the upcoming fiscal year, more than a dozen strategically important transmission lines will be prioritized for construction within one year through the Nepal Electricity Authority and the National Transmission Grid Company. Although electricity production is rapidly increasing, he warned that without corresponding growth in consumption, the country could face debt risks in the future. Hence, he stressed that the department must also prioritize expanding electricity consumption and strengthening transmission infrastructure.
Minister Shrestha highlighted the need to adopt new procedures for the development of hydropower projects and move forward in collaboration with other agencies. Referring to global changes affecting Nepal’s energy needs and priorities, he noted that the department must be more vigilant in the electricity production licensing process.
He underscored the importance of ensuring investor capital security and preventing objections to government policies and decisions. Minister Shrestha expressed confidence that the department’s role will be crucial, not only in issuing licenses but also in regularly monitoring project quality, equipment, and physical infrastructure. He also informed that preparations are underway within the ministry to guarantee that projects and work transitioning to government ownership after several years meet prescribed standards. Emphasizing a commitment to good governance and administrative reforms over momentary popularity and high ambition, he pledged to assign responsibilities and opportunities to staff based on outstanding performance.
