Vice President of Nepal Ramsahay Prasad Yadav has said that the country’s development is not possible without adequate energy, as energy self-reliance is directly linked to economic independence and national security. Addressing the 26th Independent Power Producers’ Association Nepal (IPPAN) Day, Vice President Yadav said that the availability of cheap and sufficient energy would ensure rapid development in industries, agriculture, tourism, information technology and other sectors, creating employment opportunities and promoting economic prosperity.

 

Emphasising that Nepal is rich in hydropower and renewable energy resources, he said the country should reduce its dependence on energy imports by utilising these invaluable assets. He said that Nepal has the potential to play a leading role in regional energy trade by increasing investment in renewable energy and exporting electricity to neighbouring countries, including India and Bangladesh.