Czech Republic Interested To Invest In Energy Sectors

Czech Republic interested to invest in energy sectors

Jan. 29, 2015, 5:45 p.m. Published in Magazine Issue: Vol. : 08 No.- 14 January 16 - 2015 (Magh 2, 2071)

Czech Republic has shown its interest to invest in hydropower development sector in Nepal.

The visiting Czech Minister for Industry and Commerce Jan Mladek called on Minister for Energy Radha Kumari Gyawali at the Ministry on Thursday and expressed such interests reports RSS.

Following the meeting, Energy Minister Gyawali informed that the Czech Republic have shown interest to enhance economic cooperation and investment in the infrastructure, hydropower, food and other areas for mutual interests.

Minister Gyawali said that Nepal have been facing crisis in energy production due to the lack of big investment despite being rich in resources and possibilities of power generation from big projects like the Karnali, Chisapani which have the capacity of producing 10,800 megawatt.

She urged the Czech investors to invest in other areas too as the Czech Republic had a sound technical experience in the development of solar and wind energy as well.

The Energy Minister further said that the Czech Republic were found interested to co-work in the hydropower, tourism, drinking water and financial areas.

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