NRNs invest in Hydroelectric Power in Nepal!

Non-residential Nepalis are investing in the Hydroelectric power sector in Nepal. The Sanima Group, has obtained the generation license from the Government for the 15.6 MW Mai Khola Hydroelectricity Project. Mai Khola will supply energy to Eastern Nepal once it is completed in 2013. The project, located in Ilam district, is the largest power project being built by NRNs so far with NRNs from Russia, Japan and UK being the major promoters. The total cost of the project is Rs. 2.7 billion, of which 75 percent will be loans. Construction is expected to start in October this year. This is the second project to be undertaken by the Sanima Group which has already succesfully completed the 2.6 MW Sun Koshi Hydropower Project in Sindhupalchok in 2005.

It is good to see NRNs investing their money back in Nepal. Let's hope that they do so in other sectors too such as tourism and education. The government should also appreciate the steps taken by the NRNs and resolve the issue of dual-citizenship soon so that more and more NRNs invest in Nepal's future.