Nepal : Proposed Power Sector Development Strategy
A major policy objective of the Government of Nepal is to develop its vast hydro power resource potential, to serve electricity needs, and generate export revenue. But, while recent progress has been made in developing regulations, and policies to...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/03/1089458/nepal-power-sector-development-strategy http://hdl.handle.net/10986/15704 |
| Summary: | A major policy objective of the
Government of Nepal is to develop its vast hydro power
resource potential, to serve electricity needs, and generate
export revenue. But, while recent progress has been made in
developing regulations, and policies to attract investments
for hydropower development, institutional constraints are
challenging implementation. The report attempts to analyze
key implementation constraints in hydropower development,
proposes options for reform, and, notes four prominent key
constraints: overlaps in policy, regulatory, and operational
functions of public institutions operating in the sector;
inadequacies of the existing institutional structure of the
National Electricity Authority to meet future needs of the
power sector; insufficient institutional arrangements for
the promotion of power trade; and, weak institutional
support for improving electricity access to rural areas.
Recommendations suggest that the role of policy making
should rest with the Ministry of Water Resources, having the
Department of Electricity Development, and the Water and
Energy Commission given the role of executing bodies, while
redefining other Departments to evolve as independent
regulatory authorities. Elimination of conflict of interest,
creditworthiness improvement, and appropriate regulatory
framework, should attract private investments, giving an
opportunity to create a policy environment for independent
power producers, and favorable for medium-sized export projects. |
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