Red tape adds to Nepal energy woes

Financiers say power-purchase deals holding back investment as country struggles with electricity shortfall.

    " />

    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


    YOU MIGHT ALSO LIKE

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Inside the world of Chinese bitcoin mining

    Inside the world of Chinese bitcoin mining

    China is one of the main exchange markets and hosts some of the biggest bitcoin 'mining pools' in the world.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.