Nepal hosts an investment summit in hopes of attracting foreign money for hydropower projects
KATHMANDU, Nepal (AP) — Nepal hosted an investment summit Sunday in hopes of attracting much-needed foreign investment, especially in developing hydropower projects to produce more electricity that it can sell to neighboring countries.
Several foreign investors were attending the two-day meetings in the capital, Kathmandu, where Nepali officials urged investment in developing hydropower projects and in other areas like tourism and industry.
Nepal is home to eight of the tallest mountain peaks in the world and has several rivers flowing down from them, bringing huge hydropower potential. But only a few projects have been built in the poor south Asian nation.
“Our hydropower potential holds the promise of abundant renewable and clean energy supply,” Nepal’s prime minister, Pushpa Kamal Dahal, told the delegates. However, he said, “only 3,200 megawatts have been harnessed so far and only about 5,568 megawatt large-scale projects are under construction or in the pipeline.”
Related articles
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
ST. PAUL, Minn. (AP) — Uber and Lyft plan to keep operating in Minnesota after the state Legislature2024-05-21London Marathon pays tribute to last year's winner Kelvin Kiptum, who died in car crash
LONDON (AP) — The London Marathon paid tribute to last year’s winner Kelvin Kiptum with a period of2024-05-21Pogačar beats Van der Poel in a dominant win at Liège–Bastogne–Liège classic
LIEGE, Belgium (AP) — Tadej Pogačar proved too strong for Mathieu Van der Poel as he won the Liège–B2024-05-21Colton Cowser and Jordan Westburg hit back
KANSAS CITY, Mo. (AP) — Colton Cowser and Jordan Westburg hit back-to-back homers for Baltimore off2024-05-21Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
GENEVA (AP) — Young Boys sealed its sixth Swiss league title in seven years by winning at Servette 12024-05-21Liverpool stays in the hunt for the Premier League title with 3
LONDON (AP) — Liverpool stayed in the hunt for the Premier League title and moved level on points wi2024-05-21
atest comment