Energy Minister Stresses Linking Renewable Energy with Private Investment and Local Entrepreneurship

Kathmandu. Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha has stated that renewable energy should be linked with private sector investment, new technology, and local entrepreneurship. Addressing the 30th anniversary ceremony of the Alternative Energy Promotion Center in Kathmandu on Wednesday, Minister Shrestha said that renewable energy should not be limited to subsidy-based programs but should be linked with private sector investment, new technology, and local entrepreneurship.

He emphasized that the achievements of the last three decades should not be considered sufficient and that renewable energy should be made the basis for production, entrepreneurship, employment, and economic prosperity. He expressed the view that considering the high risk of climate change, the development of decentralized and distributed renewable energy systems alongside the central energy system is inevitable.