[QODLink]
Asia
Red tape adds to Nepal energy woes
Financiers say power-purchase deals holding back investment as country struggles with electricity shortfall.
Last Modified: 08 May 2011 15:49

Civil wars and poor infrastructure have left Nepal struggling with daily power cuts which sometimes last for as long as 14 hours.

The government is promising to produce three times as much electricity in the next five years.

Despite the pledge, and the country's massive hydroelectric potential, financiers say the country's power-purchase agreements are holding back investment.

Al Jazeera's Subina Shrestha reports from Kathmandu.

Source:
Al Jazeera
Topics in this article
Country
City
Organisation
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Lawsuit by 6-year-old girl, locked up for a year, reignites debate over indefinite detention of 'boat people'.
Indonesian and Malaysian authorities are keeping a close eye on local supporters of the hard-line Middle East group.
Citizens of the tiny African nation say they're increasingly anxious of the fallout after alleged coup.
A humanitarian crisis and a budget crisis converge in the heart of the human smuggling corridor in Texas.
Assam officials upset that WWII-era Stillwell Road won't be used in transnational highway linking four Asian nations.
join our mailing list