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Nepal Energy Scheme For Power Crisis
BBC NEWS, SOUTH ASIA
March 24, 2011: The government of Nepal has launched a $275m (£169m) initiative to bring an end to the country's energy crisis within five years. It plans to build power plants and give tax breaks for investors. Finance Minister Bharat Mohan Adhikari said the aim was to produce an extra 2,500 megawatts of electricity.
The government says that under its plan, Nepal will be free from load shedding within five years. It says that it will also
- Waive custom duties for materials related to produce solar power
- Make better use of existing thermal plants
- Waive tax on private investors building new hydroelectric power plants
- Encourage the private sector to produce power from rubbish
The government also said it would provide special security for investors and introduces laws to make it a crime to hamper energy construction projects, punishable by five years in prison.
