
The continuous high economic growth of
Daily India reported:
In a letter to Foreign Secretary Shivshankar Menon last month, outgoing Power Secretary R.V. Shahi underlined the importance of utilising Nepal's 44,000 MW hydroelectric potential, of which only 650 MW has so far been developed by Kathmandu.
Citing the successful umbrella agreement with
in July 2006, the power secretary suggested that the foreign ministry consider financing such projects. Bhutan Shahi wrote: 'Implementation of these projects will have a demonstrable effect as this would not only enable Nepal to meet its increasing energy requirements, but would also boost its socio-economic development through sustained income from sale of surplus power.'




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