India, Nepal rush to tap energy ventures
Mar 4, 2007 - 10:22:24 AM

Kathmandu, March 4 - Faced with growing demand for energy, neighbours India and Nepal are rushing to tap power ventures with a clutch of energy meets starting Monday.

The Indian Ministry of External Affairs and federal energy ministry here are hosting a one-day meet in New Delhi Monday to discuss cooperation in the energy sector aming the seven members of the South Asian Association for Regional Cooperation -.

The meet will focus on promoting energy resources renewal, extension of gas pipelines, simplifying energy standards and promoting hydro-power ventures.

On Wednesday, SAARC energy and water resources ministers will meet in the Indian capital for another round of discussions.

Also during the week, the Confederation of Indian Industry - as well as US aid wing USAID will host an energy meet in New Delhi. From Tuesday, Kathmandu too is hosting a two-day seminar on investment in the hydropwer sector.

Organised by Nepal National Committee of International Association on Electricity Generation, Transmission and Distribution - and Nepal Electricity Authority, the meet is sponsored by India's Jindal Power Ltd, that is bidding for several hydropower projects in Nepal.

Fourteen Indian companies are in the fray for nascent hydropower projects in Nepal.

On March 24, after the SAARC car rally has flagged off from Cox Bazar in Bangladesh and entered Nepal, the Federation of Nepalese Chambers of Commerce and Industry - is organising a mini meet in Kathmandu on energy efficiency and clean development mechanism.

Currently Nepal, one of the richest countries in the world in terms of hydropower potential, is passing through an acute power crunch with the imposition of a seven-hour daily power cut in the capital.

The FNCCI last week warned the government that if the bleak situation continued, most of the industries in the country would be forced to shut down.

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