Red tape adds to Nepal energy woes
Financiers say power-purchase deals holding back investment as country struggles with electricity shortfall.
Published On 8 May 2011
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