Energy Minister Shrestha Pledges Partnership with Private Sector to Boost Energy Development

Kathmandu. Minister of Energy, Water Resources and Irrigation, Biraj Bhakta Shrestha, has stated that he intends to treat the Independent Power Producers' Association, Nepal (IPPAN) as a partner organization rather than merely a stakeholder.

During a discussion with a delegation led by IPPAN President Ganesh Karki at Singha Durbar on Wednesday, Minister Shrestha emphasized that the private sector, which contributes more to Nepal's energy system than the state, will be treated as a partner.

He noted that since energy is a top priority for the newly formed government, significant programs will be implemented in the upcoming budget.

Stating his desire to reform the sector so that systems drive institutions rather than individuals, the Minister announced plans to implement a Research and Development (R&D) policy.

He further clarified his support for a multiple-buyer model, noting that relying on a single purchaser is no longer feasible given the scale of production and the needs of the state and private sector.

IPPAN President Ganesh Karki expressed hope that the government would address energy sector challenges by following the 100-point action plan and the commitments outlined in the Rastriya Swatantra Party's manifesto, with clear timelines for short and long-term goals.

Karki suggested that by separating policy-level issues from procedural ones, tangible results could be achieved within three months.

Expressing concern over regulatory hurdles, Karki urged an immediate end to the double regulation and double penalties imposed by bodies such as the Nepal Electricity Authority, the Department of Electricity Development, and the Electricity Regulatory Commission, which he claimed have been hindering the private sector.