Volume 20 No 20 (2022)
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AN OUTLOOK OF CURRENT ENERGY SCENARIO, POLICIES, INVESTMENT CLIMATE, AND DEVELOPMENTPRACTICESIN NEPAL
Durga Prasad Chapagai, Neeta Dhusia Sharma, Amit Kumar Roy and Manish Kumar Roy
Abstract
Nepal is a Himalayan country having a high possibility of renewable energy. Despite the possibility of renewable energy, the development pace of the country tends to be slow and which has affected the socio-economic development. Particularly, the development of the energy projects in the country has been affected by the current policies and practices of the government of the country. In this paper,the current energy outlook of Nepal has been summarized along with its related recent policies issued by the government for the development of the energy sectorsin the country and forwarded the suggestions regarding the current issues inherent in the energy sectors development in Nepal.To solve the current issues of the country, Nepal needs to consider electricity demand management and transmission line distribution issues soon and review the existing policies andinstitutional arrangements for the promotion of the private sector investment. Moreover,access to finance for investment and people’s awareness regarding the use of clean energyis the key barriers to the development of the energy sectors in the country.
Keywords
Energy policies, Investmentclimate, Development practices,
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